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These were the 15 biggest active funds 10 years ago. Where are they now?

edited May 2023 in Fund Discussions
"The S&P 500 has posted an annualized 12.2% return through April, a figure that includes last year’s 18.11% selloff, while the Agg returned an annualized 1.32% for the period, again, including 2022’s 13.01% swoon."

"Many an active manager has struggled to match these returns and investors have voted with their wallets, pulling trillions of dollars out of active funds and pouring them into passively run funds and ETFs. From 2013 through 2022, active mutual funds and ETFs had outflows of $1.5tn, while passive vehicles took in $5.1tn."

Hopefully, the article linked below is accessible without a CityWire account...
Link

Comments

  • Lot of "household" names on that list. D&C, Templeton Global Bond, Blackrock Global Allocation. Been a rough ride for value shops, and active management. Could easily name a couple of other active shops that have really taken it on the chin.
  • There are many familiar funds listed - PTTRX, FCNTX, TPINX, VWELX, etc.
    Nine funds from American Funds are included...
  • Interesting the many American Funds significantly increased their AUM over the decade. (I've held several of them in moderately-large positions since 2005)
  • We did pretty well with an extended period of positions in various American Funds.
  • Many of these funds are widely used in 401(k) and 403(b) plan, especially the institutional shares with low ERs. We have the fortune to use many of them and done quite well.
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