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Active Managers Have Almost Never Picked Stocks This Actively
FYI: Savita Subramanian, Bank of America Merrill Lynch’s equity and quant strategist, notes that so-called active share*, a measurement of how much active portfolios deviate from the holdings in a given index benchmark, is near record highs. The active share of large-cap “core” fund managers versus the SPDR S&P 500 (SPY) is sitting just north of 68%, up from under 62% in early 2009. Regards, Ted http://blogs.barrons.com/focusonfunds/2016/03/22/active-managers-have-almost-never-picked-stocks-this-actively/tab/print/
