The good news is that stock pickers are doing better in 2015. The bad news is that it’s still not a “stock-picker’s market.”
After a dismal showing in 2014, more active managers are outperforming major stock benchmarks this year, according to strategists at Bank of America Merrill Lynch. In January, 43% of large-cap active managers beat the Russell 1000 index, according to the bank. Growth managers had the best month, with 49% beating the index, compared with 38% for value managers.
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