Be careful of pundits talking their book.

The Man Who Hates E.T.F.s – The New York Times

AllianceBernstein, or AB as the firm has recently rebranded itself, represents the opposite of this trend: It is an old-school money manager that offers, for a fee, a range of stock and bond funds that promise to beat benchmark stock or bond indexes. The problem is that since 2010 many of the so-called active funds offered by AB and its peers have trailed their benchmarks, not least offerings that invest in large American companies in the Standard & Poor’s 500-stock index.

Source: The Man Who Hates E.T.F.s – The New York Times

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