FYI: Quantitative mutual funds are struggling, with just a small portion beating the market in the first half of the year, according to research from Bank of America Corp.
The average quant fund gained 16.8 percent this year through June, Bank of America said Monday in a report on U.S. mutual fund performance. That’s two percentage points behind returns of the Russell 1000 index over the same period, the bank’s equity and quant strategists found.
Regards,
Ted
