FYI: If the fund industry was hoping for breakout performance from actively managed funds, its hopes were once again dashed by S&P Dow Jones Indexes. “It's the persistence of nonpersistence,” said Aye M. Soe, Senior Director, Global Research & Design for S&P.
Just 2.46% of large-cap domestic stock funds managed to say in the top 25% of performance rankings over three consecutive 12-month periods, according to S&P's Persistence Scorecard . Other diversified funds didn't fare much better: Out of 631 domestic equity funds that were in the top quartile as of September 2014, only 2.85% managed to say in the top 25% by September 2016.
Regards,
Ted
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