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.