Just 13% of U.S. large-cap stock-picking funds beat benchmarks over decade
Investing.com -- Only 13% of actively managed US large-cap equity funds outperformed comparable passive funds during the decade through June, the Wall Street Journal reported, citing Morningstar data based on returns after fees. Performance improved over the 12 months ended June 30, though just 27% of active large-cap funds beat their passive alternatives.
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Investing.com -- Only 13% of actively managed US large-cap equity funds outperformed comparable passive funds during the decade through June, the Wall Street Journal reported, citing Morningstar data based on returns after fees. Performance improved over the 12 months ended June 30, though just 27% of active large-cap funds beat their passive alternatives. The weak record has continued despite fund managers arguing that higher interest rates and artificial intelligence have created favourable conditions for stock selection. Performance gaps between individual stocks in the same index have risen to their highest levels in decades, theoretically giving active managers more opportunities to identify winners and avoid laggards.
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- Investing.com -- Only 13% of actively managed US large-cap equity funds outperformed comparable passive funds during the decade through June, the Wall Street Journal reported, citing Morningstar data based on returns after fees. Performance improved over the 12 months ended June 30, though just 27% of active large-cap funds beat their passive alternatives.
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Just 13% of U.S. large-cap stock-picking funds beat benchmarks over decade
Sources1TypeCoverageInvesting.com · Stock Market