Although most mutual funds saw double-digit gains last year, only 18 percent of actively managed large-cap funds outperformed the Standard & Poor's 500 index, Wall Street's most widely watched benchmark.
Analysts say the performance of actively managed large-cap funds is likely to improve as the market cycle starts to favor more stable, multinationals and dividend payers - instead of the risky high-flyers and troubled concerns that bounced back from the brink of bankruptcy last year.
Experts say very strong markets are challenging for money managers in general, because it's hard to pick good positions when so many stocks are rising at once. Active managers tend to win better returns in more moderate markets
Source: StarBanner