Tag Archives: Robert Pozen

Feb 12, 2015

Too Much Indexing?

Active management is difficult; most of its practitioners underperform passive indices most of the time; and 2014 was a particularly tough year.  Not surprisingly, active managers are not touting last year’s performance.  Instead, the pitch for active management increasingly cites its putative social benefits — arguing, e.g. that “Markets are efficient only because active managers buy underpriced…


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