Active Funds vs Index Funds 2014: Managed Mutual Funds Underperform Passive Funds, Continuing Losing Streak

The Dow Jones Industrial Average and the S&P 500 hit record highs in 2014, but Wall Street's best and brightest mutual fund managers fell short and failed to keep pace, costing investors billions in missing gains--and fees. Passive funds that mirror popular indexes outpaced more expensive actively managed funds for the year.