Here’s the latest failing grade for active funds

No one has a clear crystal ball allowing them to accurately forecast the future. So, it’s a good thing that predicting the results of Standard & Poor’s twice-yearly active-versus-passive scorecard doesn’t seem to require one.

It’s a pretty safe bet that the results in each new scorecard — officially called the S&P Indices Versus Active Fund report, or SPIVA — will be extremely similar to the findings of the reports that came before it. The recently released midyear 2014 SPIVA scorecard is no exception.

It again provides a thorough look at why the past is, in fact, prologue — at least when it comes to the overall results of active managers relative to their appropriate benchmarks.

Read the rest of the article on CBS News.