70% Of Active Mutual Funds Outperform In January 2018

Active investment managers made a comeback in 2017 when around half of actively managed US mutual funds managed to beat their benchmark for the year.

It looks as if actively managed mutual funds are on track to beat this performance for 2017 according to Bank of America’s latest US mutual fund performance update.

For the month to January 31, 69% of mutual funds reportedly beat their benchmarks with the average fund outperforming by 53 basis points. This is the highest monthly hit rate in 6 years and the second highest hit rate in Bank of America's data going back to 2009. What's more, active funds managed to achieve this performance in what was the best month for equities since March...