Active Management vs. Passive Management in the Colombian Private Pension Open Mutual Fund Industry: A Performance Analysis Using Proxy ETFs as Market Benchmarks (Borrador de administración No. 18)

The purpose of the present study is to find evidence that if actively managed Colombian private pension open mutual funds can outperform a specific market benchmark such as a passively managed ETF. After doing a review of the existing literature on the subject, the data form thirty (30) Colombian pr...