I read this article in WSJ sometime ago and since I trust their information, I am schocked. How can this be true? Are all these people unaware of the S&P index fund or any other index funds for that matter? Forget the return, investors to these funds, why are they paying all those expense ratios and front load charges and back end charges? Just to receive returns less than S&P??? I can understand some funds returning less than the index but 87% of all funds??? C'ommmon what am I missing here?