It's a stock picker's market, right? Investment manager earn their keep during down markets, right? Actively managed mutual funds can take advantage of market dispersion and volatility to pick outperforming stocks, right? Wrong. Yet again - through up markets, down markets, calm markets and volatile markets - Standard and Poors (S&P) proves that the myth of active investment management is pure bullshit.
88% of Canadian Equity Funds Underperform
88% of Canadian Equity Funds Underperform
88% of Canadian Equity Funds Underperform
It's a stock picker's market, right? Investment manager earn their keep during down markets, right? Actively managed mutual funds can take advantage of market dispersion and volatility to pick outperforming stocks, right? Wrong. Yet again - through up markets, down markets, calm markets and volatile markets - Standard and Poors (S&P) proves that the myth of active investment management is pure bullshit.