2/17/2023 0 Comments Nvda screen reader shutoff voiceTo find strong performers, we worked with Morningstar to review the investible open-end mutual fund universe. The demise of star managers and rise of ETFs means active management is a “little below the radar,” says Russel Kinnel, director of manager research at Morningstar Research Services. Some of the fund names and families might be new to readers. We found five, along with five runners-up, among various categories and investing styles. Given the radical changes in the markets over the past several years-and an uncertain future with high inflation and rising interest rates- Barron’s sought out those managers who produced consistently strong results across market conditions, beating peers and benchmarks. They Disappointed Instead.īut there are still good active mutual fund managers with stellar long-term records. Growth Funds Gave Hope to Investors in the Third Quarter.large blend had the toughest time beating their peers, with only 6.3% and 11.8%, respectively, pulling off this feat over 10 years. Morningstar’s 2022 midyear Active/Passive Barometer, which measures the performance of active funds versus their passive peers in their respective categories, shows that over the 10 years ended in June 2022, only 25% of all active funds topped the average of their passive rivals. It’s exceedingly difficult to hit well in every market cycle. One thing is indisputable: Fund managers have one hell of a tough job. ![]() Despite dizzying returns in 2020 of over 150%, her five-year annualized track record of 3.5% puts her in the bottom 7% of her mid-cap growth peers. ![]() Her quick rise and subsequent stumble is a lesson for investors that star power doesn’t always equal good performance. ![]() ![]() Indeed, the best-known active fund manager these days runs a family of ETFs: Cathie Wood, founder of ARK Investment Management, known for the tech-focused $7.6 billion
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