SELECTING STOCKS
07/09/2024 |
Through the end of 24H1, only 18.2% of actively managed mutual funds and exchange-traded funds that compare their performance to the unmanaged S&P 500 index bested it. Believe it or not, that dismal average is down from 19.2% in 23H1 and 19.8% in CY2023. Making this worse, this narrow market led by Nvidia and a few others is tailor-made for stock pickers. Earning alpha is a fool’s errand.