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Actively vs. Passively Managed Funds (PDF)
Ekon Benefits 
Sept. 10, 2014
"While the opportunity for outperformance of actively managed funds is appealing, the argument against actively managed funds is that management fees and transaction costs cut into the investor's profit.... The argument against passively managed funds is that in market downturns, the passively managed funds follow the overall market, missing the opportunity to customize investments for the specific market environment.... The best option ... may be to mix active and passive investments, benefiting from the advantages of both fund styles."
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