Skip to content
Subscriber Only

Career Risk Flashing in Fund Land as Only 29% Beat Benchmarks

  • Managers have positioned defensively and missed Apple rally
  • Fund performance quickly deteriorating amid risk-on rotation

While stocks march to new highs, professional money managers are not celebrating. Instead, they’re losing sleep over their performance.

Fewer and fewer have an edge on the market this year. As of the end of October, only 29% of large-cap actively managed mutual funds were beating benchmarks, data compiled by Bank of America showed. That’s a deterioration from 41% in the first half.