Active managers lost again in 2012

MoneyWatch Earlier this year, we saw the results of financial predictions for 2012 and that most didn’t come true. However, there was one prediction we weren’t able to score: That actively managed mutual funds would beat their benchmarks as a whole. With the release of Standard & Poor’s Indices Versus Active scorecard, we now have our answer, and active funds have lost again.

In 2012, 63 percent of large-cap funds, 80 percent of mid-cap funds and 67 percent of small-cap funds underperformed. The only asset class to see the majority of active funds outperform was large-cap growth, with 54 percent beating their benchmarks. The worst performance came in mid-cap growth funds where 87 percent failed to outperform.

via Active managers lost again in 2012 – CBS News.