Corn futures closed lower on active fund selling.

玉米方面，由于基金的卖盘，玉米期价收低。

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For decades they used their bargaining power to force down the fees they paid to conventional, active fund managers.

数十年来，他们利用自己的议价能力去压低付给保守、积极的基金经理的佣金。

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And active fund managers can ill afford to steer clear of too many mining stocks or their portfolios might trail the overall market.

那些积极的基金管理人可能无法避开太多的矿业股或者矿业股组合，他们也许会追逐大市。

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After all, Vanguard is to index fund investing what Fidelity is to active fund investing.

FORBES: Magazine Article

The truth is that a majority of active fund managers performed badly in bad markets and good markets.

FORBES: SPIVA Spikes Mutual Fund Managers Again

For decades they used their bargaining power to force down the fees they paid to conventional, active fund managers.

ECONOMIST: Buttonwood