For the first time in six years, US fund managers have, on average, managed to outperform their indi...
For the first time in six years, US fund managers have, on average, managed to outperform their indices, and the leaders of the pack were those who favoured growth stocks and technology, according to Standard & Poor's latest US report. Mainstream fund managers pipped the S&P 500 at the post in 1999, returning 27.4% against the index's 25.7%. Small cap fund managers did particularly well, securing more than double the performance of the S&P 600 Small Caps Index, with an average 31% gain against the index's 12%. Last year's volatility gave fund managers plenty of scope for error. Market lea...
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