FYI: (This is a follow-up article.)
The topsy-turvey market of late 2018 contributed to a year of underperformance for most equity managers in 2018, according to new data.
Even amid market volatility, often seen as a positive differentiating factor for managers, most mutual funds fell short of their benchmarks, according to the Year-End 2018 SPIVA U.S. Scorecard, released last week by S&P Dow Jones Indices. In fact, nearly 69 percent of domestic equity mutual funds underperformed their benchmarks, making 2018 the fourth-worst year for U.S. equity managers since 2001.
Regards,
Ted
https://www.fa-mag.com/news/volatility-provided-active-managers-little-help-in-2018-43854.html?print
