FYI: Conditions are ripe this year for mutual fund managers to outperform the market after years of lagging behind it. However, even a near-perfect environment may not be enough for them.
The good news for the $13.9 trillion mutual fund industry is that 2017 has started off fairly well. About half the large-cap funds have outperformed the market as measured against the Russell 1000 so far, according to a Goldman Sachs analysis. That compares with just a paltry 19 percent beat rate in 2016.
Regards,
Ted
http://www.cnbc.com/2017/02/28/mutual-funds-seen-having-lousy-2017.html
Comments
last year was a great year. Which year are we supposed to remember now? Or maybe they are indirectly referring to actively managed funds, but in that case, that's normal relative to index, right?