Active Managers Struggle During Third Quarter

The markets certainly struggled during the third quarter.  The increased volatility and panic during the past three months helped place US indices in deep negative territory for the year.  As of this writing, the Dow Jones is -7.58% year to date, S&P 500 -5.22%, and the Nasdaq has held up relatively well with only a minimal loss of -0.6% for the year so far.  While the overall market had a bumpy ride during the third quarter, active managers suffered whiplash during third quarter.  Mutual funds did not do very well at all with only 33% of active mutual fund managers beating benchmarks during the third quarter.  However, JP Morgan sees active managers being able to make up some...