A recent study on active portfolio management found that in an observation period of 10 years, 85% of managed funds invested in large capitalization stocks underperformed the S&P 500 and in 15 years, almost 92% are found to be trailing the index.

Discuss if portfolio managers are relevant in an Efficient Market.

Answer rating: 100% (QA)

In an efficient market portfolio managers remain relevant While it is true that 85 of managed funds ... View the full answer