FYI: Among all mutual funds that invest in big U.S. stocks like those in the S&P 500, only 9.3% are beating the index through Sept. 30, according to Denys Glushkov, a senior researcher at Wharton Research Data Services at the University of Pennsylvania. Although the year isn’t over, that is well under the previous annual low of 12.9% in 1995 and the average of 38.6% over the past quarter-century. Data through Oct. 31 from Lipper, a fund-research firm, show results nearly as dismal.
That means 2014 “is likely to enter the record books as the year when active equity funds delivered their worst performance relative to the index, net of fees, since at least 1989,” Mr. Glushkov says.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2014/11/28/as-indexes-soar-active-stock-pickers-cant-get-off-the-ground/tab/print/
