The share of mutual funds outperforming their benchmarks this year up to 42% in 2019 so far — beating their 10-year average of 34%, according to analysis by Goldman Sachs. The firm has a portfolio to track stocks where these funds have the most overweight positions. This year, the basket of stocks has outperformed the S&P 500 by 2.4 percentage points.
Although actively managed funds are still seeing net outflows, the exits were "significantly" lower this year. "Solid YTD fund returns, elevated uncertainty, and a 'late-cycle' mindset among investors have also likely reduced outflows from active management in 2019 relative to the past few years," Goldman Sachs chief U.S. equity strategist David Kostin said in a note to clients Wednesday.
Goldman tracks performance through 50 stocks where the average large-cap funds are more bullish. The funds are most overweight
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