Top 10 Holdings of Our Ultimate Stock-Pickers Index
Large cap growth strategies make a comeback in 2017; three new names caught our eye this quarter.
By Eric Compton | Equity Analyst
Every fund investor would like to see the manager of the actively managed funds that they own beat the market every year, but they've been left wanting for well over a decade. The lack of consistent outperformance on the part of large-cap active managers (the main contributors to the Ultimate Stock-Pickers concept) has been well documented by the S&P Indices Versus Active Funds (SPIVA) U.S. Scorecard. For the five-year period ending in December 2017, the index group noted that 84.23% of large-cap managers have lagged their respective benchmarks. The results over this five-year period have been similar across all investing styles. A paltry 9.01% of large-cap core managers have outperformed their index versus 14.93% of large-cap value managers and 19.08% of large-cap growth managers outperforming their respective benchmarks.
The Morningstar Ultimate Stock-Pickers Team does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.