Most U.S. large-cap stock-picking funds underperformed the benchmark S&P 500 during the tumultuous early months of 2020, according to new data from S&P Dow Jones Indices.
As fears of the coronavirus pandemic and related economic damage rippled through the markets, the S&P 500 tumbled 34% from its February high to its March low. But by the end of April, the index had shot back up 30% and posted its best one-month percentage gain since January 1987.
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