Active Manager Darts Hit Target in Decade's Easiest Stock Market
We're in a stock-pickers' market. Claire Ballentine and Vildana Hajric | Apr 06, 2021 (Bloomberg) -- After a decade of futility, active mutual fund managers are having the run of a lifetime in 2021’s can’t-miss stock market. With leadership in equities moving beyond megacap tech companies -- for once -- stock pickers are finding a reprieve from the dominance of their index-tracking rivals. Selective bets on undervalued stocks are paying off as unloved value and cyclical strategies fall into favor. The first quarter saw 58% of large-cap active funds outperform their Russell 1000 benc...
Source: wealthmanagement.com