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Return Cycle

Feb 03 2022

Active Vs. Passive Return Drivers: Update Through December 2021

  • Feb 3, 2022

Our ongoing research into the relative performance of active vs. passive fund styles reveals that market conditions play a significant role in the active/passive return cycle. Accordingly, we identified a set of metrics that describe the market conditions we believe influence which of the two management styles is more likely to outperform. This note updates our research efforts through December 31, 2021.