ETMarkets Fund Manager Talk: 20 years’ study shows most active managers underperform benchmark most of the time: Benedeck Voros
"In volatile periods in particular, low volatility strategies have proved successful in providing portfolio defence and limiting downside risk by avoiding highly volatile stocks and favouring those that have exhibited more stable performance. Low volatility indices have not only tended to protect investors from steep declines, but also allowed them to participate in the upside."