The asset-management industry depends more on marketing than on markets

 


Active funds are struggling. That pokes a hole in one of Wall Street’s most cherished narratives—namely, that it’s worth paying a premium for active management and that stock pickers are sure to do better at some times than at others. 

The funds’ travails are a reminder of a basic rule: The asset-management industry depends more on marketing than on markets.

https://www.wsj.com/finance/investing/backtesting-funds-past-performance-9494fae5


Why Your Fund Manager Can’t Beat Today’s Stock Market

Jason Zweig Wall Street Journal 5 July 2024

https://www.wsj.com/finance/investing/why-your-fund-manager-cant-beat-todays-stock-market-a5a14688



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