Over previous decades, there has been a continual battle between the merits of active versus passive management. Passive management being what I like to call the “do nothing” strategy, in which a basket of securities is purchased, and the underlying positions remain largely static. For all intents …
Morningstar senior analyst Chris Davis gives a progress report on Fidelity's equity fund enhancement initiatives, notes areas for further improvement, and offers his take on the cream of the crop.