Bad times for active fund managers again: Vast majority are underperforming this year

Actively managed funds are stumbling again this year.

in the largest one-day market value lossin history for a U.S. stock.

Goldman Sachs strategist Arjun Menon said in a report Thursday mutual funds were “underweight FB, which boosted performance relative to benchmarks.”

The average large-cap mutual fund is underweight Facebook by 20 basis points versus its benchmark, according to Menon.

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