It’s easy to match the overall market return by buying an index fund. Active investors aim to buy stocks that vastly outperform the market – but in the process, they risk under-performance. That downside risk was realized by Elanco Animal Health Incorporated (NYSE:ELAN) shareholders over the last year, as the share price declined 35%. That falls noticeably short of the market decline of around 8.9%. To make matters worse, the returns over three years have also been really disappointing (the…
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