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This year was supposed to be active managers’ big comeback, but so far, that hasn’t happened
This year was supposed to be stock pickers’ big comeback. So far, it hasn’t been.
As the year started, the specter of interest-rate increases and a spike in market volatility set the stage for active managers to exploit possible ups and downs in prices. Adding to factors lining up in active managers’ favor were investor concerns about a downturn and a possible trade war that slowed flows into funds that mimic markets.