Jonathan Burton’s Life Savings: Be skeptical of active fund managers’ new allure

Active mutual-fund managers are enjoying a moment in the sunshine after a long period of darkness.

Consider that half of large-cap blend funds topped the S&P 500 Index SPX, -0.22% over the six months through February, and 57% of large-growth funds beat the S&P 500 Growth Index, according to research from Leuthold Group, using data from investment researcher Morningstar. Meanwhile, active has also stood out among small-cap blend funds, where 52% beat the Russell 2000 RUT, -0.57% benchmark.

Still, an array of experts say investors and advisers who have embraced index funds should be wary of switching sides, despite active management’s current enticing call.

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