The S&P 500 index is down nearly 20% since January, creating an opportunity for stock pickers to outperform passive investments. But unfortunately, most active fund managers seem to have missed their chance. Morningstar found that only 40% of active funds outperformed their passive peers this year, which is well below their 47% success rate during 2021.
Let’s take a look at some of the best-performing and worst-performing active fund segments over the past year.
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