Mutual Funds Crushing Hedge Funds in 2013: Goldman Sachs

Goldman Sachs Group Inc (NYSE:GS) analysts David J Kostin, Stuart Kaiser, Amanda Sneider, Ben Snider, Rima Reddy and Aaron Woodside provide useful insights for investors in their monthly U.S. Chartbook, a research trove of actionable equity data.

Overview of year to date returns

S&P 500 (INDEXSP:.INX): +19.8%

Large cap Core MFs: +20.4%

Hedge funds: +3.5%

Russell 2000 (INDEXRUSSELL:RUT): +26.4%

Small Cap funds: +25.5%

Goldman Sachs S&P 500 forecasts

Next 3 months: 1750 (+4.1%)

Next 6 months: 1800 (+7%)

Year-end 2014: 1900 (+13.0%)

Goldman Sachs sector views

Overweight: Financials, Industrials

Neutral: Information Technology, Consumer Discretionary, Energy, Utilities, Materials, Telecom Services

Underweight: Healthcare, Consumer Staples

What’s working in 2013