NU Online News Service, Jan. 23, 5:29 p.m. – Stock indexes have outperformed comparable actively managed mutual funds during the 2000-2002 bear market, according to Standard & Poor's, New York.
Conventional wisdom suggests that active managers should do better than the stock indexes when the stock market is down.
Last year capped the worst three-year market run since 1941. During that period, only 46% of the actively managed large-cap stock funds beat the S&P 500 benchmark, S&P says.