The people who manage your retirement fund are doing a horrendous job (JCOM, CVCO, SPX, SPY, GSPC)
|09/22/2016||Posted by BusinessMediaguide.Com under General World News||
It’s been a rough year for mutual funds.
Goldman Sachs’ equity strategists on Wednesday published an in-depth look into the year-to-date performance of 435 mutual funds that collectively oversee $1.5 trillion in assets.
Even after a stock-market rebound to all-time highs in the third quarter, most mutual funds, which manage various pools of money from 401(k) plans to college endowments, still lag their benchmarks.
Only 16% of large-cap mutual funds are outperforming their benchmarks year-to-date, Chief US Equity Strategist David Kostin and his team found.
That’s below the 10-year average of 37%.
Just 9% of large-cap growth funds are outperforming the read more >>>