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Goldman Says Large-Cap Mutual Funds Are Losing Badly To Benchmarks
FYI: Goldman Sachs Group Inc. says the allure of mutual funds is fading as the year draws to close.
The percentage of large-cap mutual funds outperforming benchmarks has nearly halved to 33 percent from 63 percent in April. That’s been fueled by sector allocation, where overweights in cyclical groups like financials have hurt returns all year, and underweights in defensive shares have hurt during the recent market downturn. Regards, Ted https://www.bloomberg.com/news/articles/2018-11-29/goldman-says-large-cap-mutual-funds-losing-badly-to-benchmarks
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