In stocks, nearly every type of active manager got worse at their job in 2016
March 08, 2017 at 13:35 PM EST
According to Morningstar’s semiannual survey of active and passive investments, managers in 10 of the 11 equity categories it tracks did worse in 2016 compared with 2015, often by a double-digit degree. In an actively managed fund, the holdings are selected by an individual or team. Passive funds, in contrast, simply track a benchmark.
