Returns to Stock-Picking Skill
This article was originally published on ETFTrends.com.
By C. Thomas Howard, PhD, Athena Invest via Iris.xyz We are witnessing a dramatic flow of money out of active equity mutual funds and a similarly sized flow into index funds. A large portion of these outflows are from so-called closet indexers, funds that claim to be active equity managers but, upon closer inspection, closely [...]