Chart o’ the Day: Only a Quarter of Funds Beat the Market this Year

The Equity and Quant Strategy group at Bank of America Merrill Lynch updates us on the latest data about active manager performance. Year-to-date, it’s been very difficult for US stock pickers. When benchmarked against the Russell 1000 large cap index, a shockingly small number of funds are above the bogey…

Year to date, 25% of managers beat the
benchmark. Core managers did best, with
27% beating the benchmark. Value
manager had an 11% hit rate. 20% of
Growth managers beat the benchmark.

Screen Shot 2014-08-09 at 9.54.58 AM

For some perspective, 37% of managers have been able to beat the market over the last 12 months, so 25% is a really bad showing.

Savita Subramanian & Co do note that July was a good period for active managers, however, as 53% of managers got above their benchmark for the month. Is this the start of something new or just an anomaly during a very tough year?

Source:

Active Managers Improved Results in July
Bank of America Merrill Lynch – August 8th 2014

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Tracy commented on Jan 22

    .

    ñïñ!!

  2. Peter commented on Jan 31

    .

    ñïñ çà èíôó!

  3. arturo commented on Jan 31

    .

    ñïñ çà èíôó.

  4. alfonso commented on Jan 31

    .

    ñïàñèáî!!

  5. Jerry commented on Jan 31

    .

    thanks for information.

  6. casey commented on Jan 31

    .

    thanks for information!

  7. warren commented on Feb 02

    .

    ñïàñèáî!

  8. bitcoin loophole review commented on Sep 13

    … [Trackback]

    […] There you will find 52402 more Info on that Topic: thereformedbroker.com/2014/08/09/chart-o-the-day-only-a-quarter-of-funds-beat-the-market-this-year/ […]

  9. click here commented on Sep 14

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2014/08/09/chart-o-the-day-only-a-quarter-of-funds-beat-the-market-this-year/ […]

  10. montresdecopie.com commented on Sep 18

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2014/08/09/chart-o-the-day-only-a-quarter-of-funds-beat-the-market-this-year/ […]

  11. blazing trader review commented on Sep 28

    … [Trackback]

    […] Here you will find 92358 more Information on that Topic: thereformedbroker.com/2014/08/09/chart-o-the-day-only-a-quarter-of-funds-beat-the-market-this-year/ […]

  12. Digital Transformation commented on Jan 17

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2014/08/09/chart-o-the-day-only-a-quarter-of-funds-beat-the-market-this-year/ […]

  13. cheap wigs commented on Jan 22

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2014/08/09/chart-o-the-day-only-a-quarter-of-funds-beat-the-market-this-year/ […]