active managers are outperforming “robustly” on rising interest rates, that’s according to Deutsche’s Bank’s October 7 Investor Positioning And Flows Report.
Active managers: Profit from higher rates
According to the report, actively managed equity mutual funds have outperformed the S&P 500 by 1.5 percentage points since the July low in the 10-year yield, the best stretch of outperformance since February 2015. At no other period was the trend more apparent than last week when equity mutual funds outperformed the S&P 500 by 50 basis points as rates pushed higher.

