Fundsters from actively-managed mutual fund families can take comfort in some new research from Morgan Stanley. Brendan Conway of Barron's reports that, according to the wirehouse and investment bank's strategists, investing in mega-caps alone should still allow PMs to deliver alpha (when looking at the S&P 500 as the universe).

The strategists analyzed 10,000 different ways to slice up the index and ran the numbers for 1964 through 2012. 

Edited by: Neil Anderson, Managing Editor


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