It may be premature to hit the print button for the death certificate of active management, but changes to the investing landscape over the last several years have forced a reassessment of the value proposition this strategy offers. Research suggesting that active managers fail to add value is, of course, nothing new. Over the last several decades, a number of academic studies have suggested that on the whole, active managers fail to consistently beat the market, and that the majority of mutual funds fail to beat their benchmark after costs are taken into consideration. This frustration with the costs of active management paved the way for the rise of indexing as an investment strategy, as many investors have preferred to own the market through a low cost vehicle rather than pay hefty fees to a manager to occasionally beat the market. ETFs have become tremendously [...] Click here to read the original article on ETFdb.com. Related Stories: ETFs vs. Mutual Funds: Breaking Down Expense Ratios Three Mutual Funds That Could Work As ETFs ETFs vs. Mutual Funds: Three Keys To Winning The War