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Rating:A Third of Active Managers Are in the Indexing Closet Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 11, 2010

A Third of Active Managers Are in the Indexing Closet

News summary by MFWire's editors

Fundsters interested in comparing results from active and passive mutual funds may want to take a look at some new research from Yale. Today Financial News' Ben Wright reports on recently updated research on active managers and their performance relative to benchmarks, from Yale professors Martijn Cremers and Antti Petajisto. FinancialNews also offered several other articles on the research: here, here and here.

According to Cremers and Petajisto's research, about a third of active U.S. equity mutual fund managers were "closet indexers" (with at least 40 percent of the funds' benchmark indexes mirrored in their portfolios) between 1990 and 2009, Financial New reports.

Intech [see profile] co-chief investment officer Adrian Banner, Vanguard [see profile] retail sales chief Nick Blake, Aberdeen Asset Management [see profile] strategist Peter ElstonRussell Investments [see profile] manager research chief Adam Goff, T. Rowe Price [see profile] portfolio specialists director Tim Nelson and Intech co-CEO Jennifer Young weighed in on the research. 

Edited by: Neil Anderson, Managing Editor

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