Actively managed funds have recently underperformed passive indexes. As a result, fund inflows and deposits have favored passive funds.
Jul
26
2016
Active vs. Passive: A Three-Club Headwind
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![Scott Opsal / Director of Research & Equities](https://leuthold.imgix.net/leutholdgroup.com/site_files/authors/DSC_2797_LR_Scott.jpg?h=150&w=150&fit=crop&fp-y=.15)