DC Plans: Think You (or Your Broker) Can Beat the Market (& CalPERS)?
“Fund managers lagged behind market indexes in ’04,” San Diego Union-Tribune, 1/23/05
ř“Fund managers lagged indexes in 8 of 9 … investment categories… ”
ř“The S&P 1500 … outperformed 51.4% of actively managed domestic equity funds.”
ř“Expenses also dragged down total returns… Fees for managed funds tend to be much higher [than indexed funds], sometimes upward of an entire percentage point…”