Many PMs Who Beat Benchmarks Still In Outflow Mode: RBC

Though a record number of fund managers who are beating their benchmark are still losing money, the percentage drops dramatically when one homes in on managers who beat their benchmarks handily, report RBC Capital Markets analysts. Eric N. Berg and colleagues at said in their April 20 research note titled “US Asset Managers – For Fund Managers, Two Ways Forward” that what investors are looking for from their fund managers is changing.

55% of MF equity managers who beat benchmarks still in outflow mode

The RBC analysts report that during their interactions over the last six months, they’ve been struck by the number of portfolio managers lamenting the fact that they’ve got good numbers though they’re still seeing outflows. The RBC analysts note that according...