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Active Mismanagement

Active funds underperformed their indices in 2008, mostly due to fees

Six out of ten actively managed stock funds underperformed their indices in 2008, primarily due to fees, according to the Center for Institutional Investment Management at the University of Albany. Ironically, or not, expense ratios on actively managed funds are expected to rise, in some cases, by as much as 20 basis points, says Morningstar research.

TAGS: Mutual Funds
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