The release of the SPIVA U.S. Mid-Year 2017 Scorecard provided a welcoming dose of optimism for
proponents of active management.
Meanwhile,
proponents of active management suggest weaknesses in the passive approach, including the potential for active management to protect «on the downside» relative to index - weighted portfolios.
Not exact matches
In an effort to dispel concerns for the psychological risks to
active management of labor, one
proponent writes that
active management:»... enhances the mother's participation in and control
of her experience
of her first birth» (O'Herlihy).
While every argument has their pros and cons, it is bad for business if clients are switching to advisors who believe in this approach, as opposed to
proponents of active -
management, who in many ways have built this industry and make up the mainstream.
But I don't recall an
active management adherent ever mention that
active management is also (simply by virtue
of being on the opposite side
of the trades that
active proponents so often reference) also more likely to significantly underperform a benchmark.