In theory, the recent increase in market volatility opens the door for superior results from active management. In practice, it's still hard to beat relevant benchmarks. You wouldn't know it from the promises from the usual suspects, but the numbers suggest another reality.
Every few months I like to review how my proprietary benchmark that passively weights all the major asset classes"”the Global Market Index (GMI)"”fares vs. a broad swath of actively managed multi-asset class funds. Once again, the results are typical: GMI delivered a competitive above-average return relative to the competition.
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