Active vs. passive

With index funds getting so much attention of late, Ebb & Flow compared the performance of the BioCentury 100 Price Level Index versus a basket of health care related mutual funds. Results? Investors would have been better off (read: lost less money) investing in the fund basket versus holding their money directly in the BioCentury 100 stocks. The BioCentury 100 was down 8 percent in the first quarter, while seven actively managed funds dipped only 4.8 percent. The fudge factor perhaps is that many of the funds invest in health care plays outside

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