Mutual Funds Have Worst Quarterly Performance Since 1998Rupert Hargreaves
According to data from Bank of America, large-cap US mutual funds have just reported their worst quarterly performance since at least 1998 when the bank started to monitor the industry’s performance.
BoA’s report on the subject (a copy of which has been viewed by ValueWalk) shows that only 19% of the large-cap mutual funds in the bank’s database outperformed the S&P 500 during the first quarter--the lowest quarterly hit rate in BoA’s data history spanning 1998 to today.
Moreover, the average mutual fund lagged the index . . .
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