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The Active vs Passive Scorecard
Trillions
Active Managers
I think the the thing i'm getting at here is, if you were running a fund in the eighties and nineties, before indexing was big, you were used in the courps. So they can't go really active, but people waren't really active now because they use indexing for their corps. One area where active funds seem to be having a particularly tough time was in the intermediate us. Government. And also one of the typical strategies that managers use in fixed income, going longer duration was a painful one this year.
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