“Investors do not appear to have a strong understanding of actively managed investment, despite the fact they have been widely used for decades,” according to the survey. “Twenty-seven percent of survey participants described active investments as complex, while only 29 percent said they were either extremely or very knowledgeable about active investments.”
Adding to the confusion, MFS officials said, is that millennials are often investing in both active and passive investments.
The survey polled some 960 individual investors with at least $100,000 in investable, non-retirement assets, as well as some 635 financial advisors.