Market clones are trouncing professional stockpickers—and it’s only getting worse — Quartz

The case for investing in actively-managed mutual funds is withering. Over the last year, 90.2% of US equity funds guided by money managers posted lesser returns than the market, according to the S&P’s semi-annual report of fund manager returns released on Sept. 16. In Wall Street parlance, that means nine out of ten mutual fund…

via Market clones are trouncing professional stockpickers—and it’s only getting worse — Quartz