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Enormous sums of money flowing through Wall Street banks have been attracting the world's most talented financial minds for generations. You might be shocked to learn that in any given year, most fail to outperform the benchmark S&P 500 (SNPINDEX: ^GSPC) index.Last year, a little over one-fifth of actively managed U.S. funds outperformed the benchmark, and that figure gets much slimmer over time. Over the past 20 years, absolute returns from all but 8% of all large-cap funds in the U.S. underperformed the benchmark.Image source: Getty Images.Continue reading
Enormous sums of money flowing through Wall Street banks have been attracting the world's most talented financial minds for generations. You might be shocked to learn that in any given year, most fail to outperform the benchmark S&P 500 (SNPINDEX: ^GSPC) index.
Last year, a little over one-fifth of actively managed U.S. funds outperformed the benchmark, and that figure gets much slimmer over time. Over the past 20 years, absolute returns from all but 8% of all large-cap funds in the U.S. underperformed the benchmark.
Image source: Getty Images.
