FYI: After taking some big hits, active managers may be about to give some licks back.
Beating the market has always been hard for the pros. Lately it has been even harder. In the decade that ended in 2015, an average of just 37% of large-cap mutual funds outperformed the Russell 1000 in any given year, according to Bank of America Merrill Lynch. In the first seven months of this year, only 14% outpaced the benchmark.
Regards,
Ted
http://www.wsj.com/articles/stock-pickers-very-bad-year-1471018393
