Active Mutual Funds Underperforming Yet Again In 2016: Goldman Sachs

Mutual Funds Underperforming, say it aint so! Every year is supposed to be the one where active finally outperforms passive, but if you were counting on that year to be 2016 do not get too excited (at least yet) Only 27% of average large-cap core mutual funds could beat the S&P 500 return of 2%, while only 9% of large-cap growth funds outperformed the Russell 1000 Growth index, reports Goldman Sachs. The long term returns are not better as David J. Kostin and colleagues point out in their May 23 research piece titled “Mutual Fundamentals” that large-cap core, growth, and value, and…