The majority of active strategies survived and beat their benchmarks over the last 12 months, according to Morningstar. Some are doing especially well.
To find benchmark-beating active funds, look for portfolios whose managers are betting alongside outside investors and are willing to work for a reasonable fee.
Municipal market money managers are traditionally very passive, but not Robert Dimella of Mackay Shields. His firm prides itself on transparency and taking a more active approach to investing.
