From Barron’s:
Active investing ended 2016 on a high note. Still, in the race for returns, passive investing has beaten active stock-picking for most of the past quarter-century.
That makes an outperforming fund like Glenmede Large Cap Growth (ticker: GTLLX) – whose average annual gains over the past five years have beaten all but 4% of the large-cap growth funds tracked by Morningstar – all the more valuable.