When actively managed large-cap equity funds were roundly beaten by the benchmark indices last year, it triggered a furious debate whether investors are better off with low-cost passive index funds and ETFs. Active funds try to beat their benchmarks through careful stock selection but charge a higher fee for this effort. Passive funds, on the other, simply mirror the index by investing in the same stocks in the same proportion. With no active management, these funds have much lower charges.
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