BOFA: ACTIVE FUNDS STRUGGLE AS MEGACAPS DOMINATE
Just 44% of large-cap active funds beat their benchmarks in September, as market leadership narrowed sharply toward megacaps, according to BofA.
The cap-weighted S&P 500 outperformed its equal-weight counterpart by nearly 5 percentage points.
Growth managers struggled most, with Meta and AMD accounting for 70% of the Russell 1000 Growth’s monthly gain.
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