From WSJ: By one measure, stock picking should be easier
than it was in 2011. Yet actively managed stock funds, on average, still are
having a difficult a time beating the market.
The upshot for investors: Make sure you have a good reason
before jumping into an actively managed fund, strategists and advisers say.
Active managers had a rough 2011. The average fund holding
large-capitalization stocks suffered losses of 1.6%, versus a return of 1.5%
for the Russell 1000 stock index, including dividends. Many managers blamed high
"correlation"—the extent to which assets move in tandem—for their
troubles. They said high correlation made ….
Read all about it at http://online.wsj.com/article/SB10001424127887324073504578105142072916454.html
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