Small Active Funds Are Losing Twice: Poor Beat Rates and Shrinking Assets
A Bloomberg Intelligence study found that active funds’ beat rates correlate with fund size, with the smallest funds performing worst. ETF analyst Eric Balchunas flagged the finding on X on September 28, 2026. “Bigger is better,” Balchunas wrote, noting that beating a benchmark is “very difficult in general.” The full study sits on the Bloomberg […]
A Bloomberg Intelligence study found that active funds’ beat rates correlate with fund size, with the smallest funds performing worst. ETF analyst Eric Balchunas flagged the finding on X on September 28, 2026. “Bigger is better,” Balchunas wrote, noting that beating a benchmark is “very difficult in general.” The full study sits on the Bloomberg […]
What's Your Reaction?
