Jason Zweig of The Wall Street Journal recently cited an S&P study which found three
quarters of active mutual funds fail to beat their benchmark over the long haul.
Not exact matches
According to Standard & Poor's Indices Versus
Active Fund Scorecard (SPIVA) for the fourth
quarter of 2008, Canada's
mutual funds performed better than the Canadian S&P / TSX Indices.
Smart beta
funds may be cheaper than
active mutual funds, but they can still be half to three -
quarters of a percentage point more expensive than traditional ETFs.