U.S. stock funds are beating the S&P 500

If averages are any guide, then there is good news for mutual fund investors because actively managed U.S. stock funds have outperformed the S&P 500 so far this year.
JUN 18, 2009
By  Sue Asci
If averages are any guide, then there is good news for mutual fund investors because actively managed U.S. stock funds have outperformed the S&P 500 so far this year. The average year-to-date return for an actively managed domestic stock fund was 7.75% through June 15, compared to 3.58% for the Standard & Poor’s 500 stock index, according to Chicago-based Morningstar Inc. Some of the leading companies in the index had double-digit losses in the first quarter, said Russel Kinnel, director of mutual fund research at Morningstar. For instance, Pfizer Inc. of New York and Procter & Gamble Co. of Cincinnati are down for the year. “Many of the securities [active managers] held have snapped back faster than the broad-based index,” said Geoff Bobroff, an East Greenwich, R.I.-based mutual fund consultant. “It has become a market of stock selection rather than a jumble of the broad market.” Financial services and firms in the commodities sector rebounded sooner than the market, he said.

Latest News

Milton seeks Sanctuary in break for independence, reunites with former Merrill colleague
Milton seeks Sanctuary in break for independence, reunites with former Merrill colleague

Veteran advisor managing $400M launches firm through strategic partnership

Osaic nabs two advisor teams from LPL in North Carolina
Osaic nabs two advisor teams from LPL in North Carolina

The giant hybrid RIA's latest East Coast move adds $175 million in recruited assets as it looks to offset broader advisor attrition.

Fintech bytes: Altruist launches new subscription service for RIA custody
Fintech bytes: Altruist launches new subscription service for RIA custody

Also, Nitrogen has added Indivisible Partners to its integration network, while Wealthtender unveiled an AI-focused update to help boost advisors' online presence.

CFTC explores letting futures exchanges trade spot crypto
CFTC explores letting futures exchanges trade spot crypto

Regulator is asking for feedback on how this might work.

Trump to name new Fed governor, jobs data head in coming days
Trump to name new Fed governor, jobs data head in coming days

President says he has a ‘couple of people in mind’ for central bank role.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.