Actively-managed mutual funds in the U.S. weren’t ready for the stock-market’s “big rally” in the first quarter, according to BofA Global Research.
The rally “caught active funds off guard,” with just 33% of large-capitalization funds beating their Russell 1000 benchmarks in the first quarter, BofA equity and quant strategists led by Savita Subramanian said in an April 4 note. That was their “worst quarterly hit rate” since the fourth quarter of 2020, they said.
Macro systematic funds sank 6.7% in March for their worst monthly performance in more than five years, according to the note. These funds became the bottom-performing group among hedge funds this year, down 5.8%, after ranking as the top performers in 2022, BofA found.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Next bull market signal: BofA says exactly when traders should buy stocksHere's exactly when investors should buy stocks to ride the next bull market, according to Bank of America 'Just time the market, everyone! You gotta all do it simultaneously!'
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »