Only one actively managed stock mutual fund in the United States has managed to outperform the Nasdaq Invesco QQQ Trust Series 1 ETF over the past five, 10 and 15 years, according to a Bloomberg Intelligence analysis by David Cohne. It did so thanks largely to a heavy concentration in Tesla.“You don’t want to be in a situation at this point where you’re betting against continued U.S.
“If you just want to own the market, sure, cap weighting is fine. But there are issues, and the most flagrant issue is that anything that is today overpriced relative to its future prospects is overweight in your portfolio,” he said.Article content
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