Fund managers have long complained that low market volatility makes their lives hard. But S&P's SPIVA scorecard showed that 63% of large cap funds and 70% of large cap 'core' funds had still underperformed Wall Street's S&P 500Mid-cap and small-cap active funds performed relatively well, with 56% of mid-cap and 53% of small-cap active managers beating their benchmarks.
However, their success was not enough to offset previous underperformance: 92% of large-cap growth, 74% of mid-cap growth, and 75% of small-cap growth funds have underperformed over the past 15 years, the data also showed.
Soooooo. Just like before COVID then!
More evidence that sitting on your hands and doing nothing with your investments is the best builder of wealth.
China Communist Party (CCP)MAN MADE THE COVID-19 .VIRUS 🦠 was CREATED in the lab!