The news keeps getting worse for active management. Here’s a summary:
Poor year-to-date performance
In an article on MarketWatch.com, Mitch Tuchman references data from Bank of America indicating only 17.7 percent of active managers have beaten a large-cap index benchmark year to date. That is a significant decline from last year, when 40.5 percent beat that benchmark.
Tuchman partly attributes this dismal record to failed efforts by active managers to time the markets and overweighting in small-cap stocks.
Read the rest of the article at The Huffington Post.