The 2017 SPIVA Study – which measures the performance of actively managed funds against their relevant S&P Index benchmarks –is out and the facts are here for investors to see. In this podcast, Paul covers the highlights of the study. The answers to some most important investment questions are found in this report. Are actively or passively managed mutual funds likely to get the highest returns? What is the difference in return likely to be? You may be surprised how few actively managed funds go out of business through mergers or closure. And you also may be surprised how few funds maintain their investment style over time, the very thing which investors think they are getting.