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Active manager success rate spikes higher - Morningstar

Published 08/23/2017, 02:41 PM
Updated 08/23/2017, 02:41 PM
© Reuters.  Active manager success rate spikes higher - Morningstar
  • Nearly half of large-cap U.S. stock funds outperformed their bogies in the 12 months ended June 30, according to Morningstar. That's up from 26% which topped benchmarks in the year ended Dec. 31.
  • Don't call it a comeback, says report author Ben Johnson. Over a three-year period, just 18.7% beat benchmarks; over five years, 20.4%; over 10 years, 13.8%.
  • Johnson: "The reality of the matter is that it is business as usual. Active managers’ short-term success rates have been and will continue to be noisy. The long-term signal remains clear: Picking good active managers is hard and keeping costs low is paramount."
  • Interested parties include: BEN, LM, GBL, IVZ, TROW, AB, AMG, FII, WDR, APAM, CNS, AMP
  • Now read: Waddell & Reed: Is The Dividend A Trap?


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