“Almost Half of Stock Pickers Beat the Market in Early 2022 Selloff” read the WSJ News Exclusive headline on Thursday 9/15/22. The story goes on to explain that this year’s middling performance is the best year for active stock pickers since 2009!
For ATX Portfolio Advisors® clients and Accountable Update readers, that probably is no surprise. In fact, as I pointed out in an April 2019 Accountable Update titled “Mutual Fund Landscape”, there are normally fewer than 25% of actively managed funds that tend to survive and outperform their benchmarks.