Stock picking is making a comeback with nearly half of managers beating the market

https://www.cnbc.com/2019/05/21/stock-picking-is-making-a-comeback-with-nearly-half-of-managers-beating-the-market.html

Stock pickers are having their second-best year in a decade, according to Bank of America Merrill Lynch.

So far this year, 48% of large-cap active funds have beaten their benchmarks, thanks in part to less correlation between sectors.

“Good news for active managers: stock picking is making a comeback,” Bank of America Merrill Lynch Head of U.S. Equity & Quantitative Strategy Savita Subramanian says.

Submitted May 21, 2019 at 03:00PM by coolcomfort123 http://bit.ly/2Qc6sDI