Indexes beat most actively managed funds, S&P says
April 21, 2009 at 15:15 PM EDT
Investors in actively managed mutual funds the last five years have reason to wonder what theyâve been paying for: A new study from Standard & Poorâs finds that 70% of large-cap fund managers who use the S&P 500 as a benchmark for comparison have failed to match the performance of the index over that time.