Posted 2/16/2024, 2:00:14 PM
Active funds beat market in January, but long-term outlook still favors indexes
- Most active fund managers beat the market in January, the best January for them since 1991
- They outperformed the market indexes by less than 1 percentage point on average
- It was the best single month for active funds since 2007, which was the best year for stock pickers in decades
- It's possible this outperformance streak will continue, but unlikely active funds will prevail long-term
- Historically it's been too hard for stock pickers to beat the overall market over time