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Fund Times

Active Managers Offer Keys to Success

Low fees, deep resources, long time horizons, and determination have helped these winning managers.

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This analyst blog is part of our coverage of the 2017 Morningstar Investment Conference. 

Stock fund investors have voted with their feet, perhaps with good reason. Less than a third of active equity funds have outperformed their benchmarks and passive alternatives after fees in the past 10 years, and more than $1 trillion in assets has flowed out of active funds in that period while passive funds have raked in new money. It's enough to make stock-pickers throw up their hands and cry over their portfolios.

Dan Culloton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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