FWIW, Vanguard throws some cold water on the "62% of actively-managed funds outperformed the...

|By:, SA News Editor

FWIW, Vanguard throws some cold water on the "62% of actively-managed funds outperformed the broad U.S. stock market" story line: When compared to their style groups (large-, mid-, and small-cap; growth, value and blend), active managers underperformed their style benchmarks in seven out of nine categories.