Yeah, about that active comeback . . .

Despite an improved environment for active management, less than 7% of US active equity funds have beat the market over the past decade, with high fees remaining a high hurdle to clear. Most bond funds did not perform well in 2022.

April 15, 2023 . 11:48 PM

1 min read

Despite a good environment for active US equity fund managers, less than 7% of US active equity funds have beat the market over the past decade.
Weighted by assets, the average US stockpicker lost 21% last year, compared to the broad S&P Composite 1500’s 18% decline.
Most bond funds did not perform well, despite having an easier time outperforming in general.
2022 turned out to be a poor year for active bond and real estate funds.
High fees remain a hurdle for active management.