67% of fund managers undershoot their mark

One of the things that first brought us here at The Motley Fool to prominence was our assertion that the majority of fund managers fail to deliver on their promise. In short, they fail to beat their respective benchmarks.

Which is one reason, of course, why we've enthused so much about index trackers over the years. Why pay for active fund management, when a cheaper passive tracker can do a better job?