ACTIVE VS. PASSIVE HIGH YIELD BOND FUNDS
Thursday 8/25/2016 17:00:35 EST - Standard & Poor's

Some investors think active management is more valuable for fixed income than for equities.. However, recent research from S&P Dow Jones Indices (SPDJI) serves as a reminder that past performance is not necessarily an indicative of future results, even for fixed income. (See "Consistently Strong Equity Fund Performance Hard To Find," published yesterday on the Trends & Ideas tab in MarketScope Advisor, for a take on equity fund performance persistence.)

In its semi-annual perfor...