In recent years, Vanguard has proselytized to the investing the world the merits of index-based investing.

But The Street reports that a recent study published by Vanguard could turn heads amongst the indexing faithful.

According to The Street, the Vanguard study shows that the company's actively managed funds have outdone the index funds. On average, a dollar put into an active fund outpaced an investment in a comparable index fund by 0.79 percent annually during the past 30 years.

The Street notes that over the years, Vanguard has published numerous studies on the virtues of indexing. The company has frequently argued that it is difficult to predict which actively managed funds will excel in the future. Now the latest study takes a different tone, arguing that investors "can be successful using actively managed funds," according to the news outlet.

To read more on the issue, read the comprehensive article on the subject on The Street. 

Edited by: Tommy Fernandez


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