Vanguard Australia - The best of times, the worst of times: Why indexing is relevant in both

Over the past couple of decades the Australian share market has offered laboratory conditions for testing many theories about index versus-active investment strategies. In this article, we take a look at the performance of index and active managers through both bull and bear markets and discuss the subsequent portfolio construction implications. A common misconception among investors is that actively managed funds will outperform index funds in a bear market or that indexing only works in a bull market.


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