S&P gives low marks to active domestic equity funds
Actively managed domestic equity mutual funds underperformed their benchmarks for the past five years, according to Standard & Poor's Index vs. Active Fund Scorecard released today.
For the five-year period ended June 30, the S&P 500 index outperformed 62.9% of active U.S. large-cap funds, while the S&P MidCap 400 topped 73.4% of domestic midcap funds and the S&P SmallCap 600 outperformed 57.4% of U.S. small-cap funds, according to the report.
The report noted, how
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