Once again, the majority of mutual funds failed to beat their benchmark in 2015.  This article from Reuters has some great statistics on the recent under-performance of mutual funds.  Such as: the majority of actively managed mutual funds have not beaten their benchmark in any year since 2009.  It also states that investors seem to be fed up with poor performance – money is flowing out of mutual funds and into passive investments such as Exchange Traded Funds.  We will be closely monitoring the “active verses passive” debate as 2016 progresses.

http://www.reuters.com/article/us-stock-funds-idUSKBN0UI1VQ20160104