(Bloomberg Business) -- Planning for retirement? You're better off saving on fees in an indexfundthan trying to beat the markets.

That recommendation by legendary investor Jack Bogle is shared by 42% of financial professionals in the latest Bloomberg Markets Global Poll, who were asked about the most appropriate way for a midcareer person to invest for retirement. Only 18% said actively managedmutual funds were the best option, 17% recommended individual stocks and bonds, and 14% favored real estate.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.