The Odds for Active Management -- European Funds Version
The U.S. experience is the rule, not the exception.
Morningstar's Ali Masarwah and Julien Roueche did some research on the performance of actively managed European funds. How likely were they to outgain their costless benchmarks? What was the effective of survivorship? Finally, how important were their costs? One man's work being another man's column material, let's see what Ali came up with. (And thank you, sir.)