Only 38% of large-cap US equity mutual fund managed to beat their benchmarks last year, for an average underperformance of 1.6%, according to BofA. -chart below from FT. It's interesting to see the challenges faced by large-cap US equity mutual funds, with many underperforming their benchmarks. The potential improvement in breadth could indeed impact stockpickers positively in 2024, making it a year to watch for an active management comeback.
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