Indexology®: Why Might Actively Managed Bond Funds Underperform their Benchmarks?
March 31, 2015 at 06:30 AM EDT
Over the long term, actively managed bond funds have not outperformed their benchmarks as evident in the SPIVA U.S. Scorecard for year-end 2014. In a recent blog post, I analyzed the performance data of this scorecard. Many wonder what might be causing the results to be one-sided. For example,...