In 2020, 60% of U.S. large-cap stock-picking funds lagged behind the benchmark S&P 500, according to new data from S&P Dow Jones Indices.
Last year’s market tumult was unprecedented: As Covid-19 spread, the benchmark U.S. index lost a third of its value in less than five weeks in February and March, before leaping higher to set new highs in August and ending the year with double-digit gains.: 2020 was the 11th consecutive year in which a majority of actively managed U.S. large-cap funds underperformed the S&P 500, according to S&P Dow Jones Indices’ year-end scorecard on active management.
, which exert a powerful force on the S&P 500. The broad U.S. stock index’s 16% gain for the year was propelled by an 81% surge in shares of Apple Inc. and a 76% climb in shares of Amazon.com Inc.
funny how mutual funds seem to lack the mutual part while they get their fees when market is up or down what if they only got a fee if they were up for the year would there be more up early to sniff out the market.
therobertleonar BrianFeroldi great example of a misleading headline “Stock-pickers lagged” when in reality it was closer index funds that lagged
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