With a little more than a month to go in 2006, funds that track an underlying index were ahead of actively managed funds in eight of the nine investing-style categories that investment researcher Morningstar Inc. (MORN : morningstar inc com
That's comparing each so-called style box, such as large-cap growth and small-cap value, to a respective benchmark index. Only mid-cap blend managers were ahead this year through Monday, with an average return of 11.7% vs. a gain of 8.9% for the Standard & Poor's MidCap 400 Index.