Indexology®: Why Might Actively Managed Bond Funds Underperform their Benchmarks?

Over the long term, actively managed bond funds have not outperformed their benchmarks as evident in the SPIVA U.S. Scorecard for year-end 2014. In a recent blog post, I analyzed the performance data of this scorecard. Many wonder what might be causing the results to be one-sided. For example,...
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