Not A Stock Picker’s Market. Again.
At the end of 2014, Tom Lee, co-founder and head of research at Fundstrat Global Advisors, explained why only about one out of five actively managed funds were able to outperform their benchmark index that year, and why he believed that 2015 could be huge for stock pickers. In fact, “2015 should be a very good year for active managers,” he predicted.
As sure as the sun rises in the east, you’re going to hear statements like Lee’s from active managers. They’re always predicting that next year will be different; that it will be one in which stockpickers will shine. And with almost the same certainty that the sun will set in the west, the results will show otherwise.
Read the rest of the article on ETF.com.