Investors in actively-managed mutual funds would be better off picking passive, or index-tracking, equivalents in most cases, according to a new study of more than 16,000 products worth $7 trillion (â¬4.8 trillion).
The research, from US wealth management advisory group FundQuest, found that it was worthwhile paying for active management in just 15 of the 58 categories of mutual funds drawn up by performance analysts Morningstar.
