SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Roger's 1998 Short Picks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: McNabb Brothers who wrote (17127)1/20/1999 11:49:00 PM
From: BDR   of 18691
 
<<I read the other day that that 95% of all mutual fund managers under performed the S&P
500 index last year!>>

The February issue of SmartMoney, which started showing up for free in my mailbox last month, has an article on the poor performance of funds. It is interesting reading. They state that only 12% of all domestic equity funds beat the S&P 500 last year, the worst performance in 10 years. A illustrative quote:

"Over the past five years, the average health care stock has jumped 32 percent a year, while the average health care fund has grown just 18 percent annually. Go figure."

No doubt the fund managers still got paid their six-figure salaries, the funds' owners still collected seven- or eight-figure fees and bonuses were had by all.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News