FYI: Most mutual-fund managers were more than happy to bid farewell to 2018.
With the S&P 500 index wrapping up the year with the worst December since 1931, and a 6.2% loss for the full year, the average manager overseeing a diversified U.S.-stock fund saw a total return of minus 7.73% in 2018, according to Thomson Reuters Lipper. Nor were international stock funds any refuge: On average, they fell 15.52% for the year.
But amid all that gloom, a handful of managers emerged as big winners, posting double-digit gains for the year.
Regards,
Ted
https://www.wsj.com/articles/the-best-stock-fund-managers-of-2018-11546830721?mod=article_inline
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