FYI: .Only 42% of active large-cap mutual funds beat the benchmark
.Value funds had a good month as growth funds fell with tech
Stock pickers have been promising for years that once the equity market hit a rough patch, they would have a chance to prove their worth. Maybe not.
Stocks had their worst month in seven years in October and less than half, or 42 percent, of actively managed mutual funds that buy large-cap U.S. equities beat the S&P 500 Index, according to data compiled by Bloomberg.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-11-01/stock-pickers-failed-to-shine-as-the-market-tumbled-last-month
