COVID-19 has caused some advisors to doubt the benefits of outsourcing investment management to third-party models, according to data collected by market research firm Ycharts.
In the best July for the S&P 500 in 10 years, only 28% of actively-managed large-cap funds beat their benchmarks, the worst showing in two years.
Critics warn that overwriting may have become too popular for its own good.
Investors are abandoning mutual funds for securities they perceive as cheaper and easier to trade.
The real winners of this war are investors who have more low-cost options.
Investors are right to be concerned by Mark Zuckerberg’s strongman governance of the company.