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Rekenthaler Report

The Odds for Active Management -- European Funds Version

The U.S. experience is the rule, not the exception.

Europe's Tale
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.)