Despite the odds, active managers turned in a better-than-expected performance in 2023, according to a report out today by S & P Global.
The bad news: the long-term performance of active managers remained dismal.
The majority (60%) of large-cap fund managers underperformed the S & P 500 in 2023, according to S & P Global.
While that may not seem like an impressive performance, it is slightly better than the historic average of 64% that underperform the S & P 500.
Surprising, because 2023 was a tough year for active managers.
Persons:
Dow, Anu Ganti, Dow Jones, Ganti
Organizations:
P, Dow Jones, U.S, Dow Jones Indices
Locations:
U.S