A majority of active funds focused on U.S. large-cap stocks failed to beat the S&P 500 index last year, extending their track record of underperformance, according to S&P Dow Jones Indices.
Sixty percent of all active large-cap U.S. equity funds lagged the S&P 500 in 2023, a scorecard report from S&P Dow Jones Indices shows. The price of the S&P 500 climbed 24.2% last year for a total return of 26.3%, according to FactSet data.
The…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In