New Perspectives on the Active versus Passive Debate
The author considers passive and actively-managed mutual funds. He observes that for a variety of reasons including size a fund that claims it is actively managed may actually be fairly passive. He cites research that shows the more money managed by active funds, the better passive funds perform and vice versa.
Nanigian, David, "New Perspectives on the Active versus Passive Debate" (2014). Faculty Publications. 93.