Broken down further, 72 percent of stock fund managers have missed the mark; 54 percent of bond fund managers have. (cnbc.com)
Active bond fund managers may aim to beat a benchmark and other bond funds in order to be attractive to retail investors. (blackrockblog.com)
These investors also tend to have a much longer investment horizon and lower return hurdles than shorter - term bond fund managers or leveraged investors. (blackrockblog.com)