Actively Managed Funds Triumph as Volatility Picks Up

Active management has been paying off. According to data from Morningstar, over the past 12 months, 50% active managers outperformed their benchmarks

Neuberger Berman 6 October, 2017 | 9:43AM

Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Joe Amato, President and Chief Investment Officer of Equities at Neuberger Berman, looks at how active managers are making a comeback as correlations collapse.

Over recent months, we have noted how the economic and investing environment has regressed to the 'Goldilocks' mix of slow-but-steady growth, low inflation, low rates and low market volatility that characterised the pre-Trump era.

Small caps are underperforming large caps, value stocks are underperforming growth stocks and the 10-year Treasury yield has edged closer and closer to the 2% threshold. It is all very 2015 – with one important difference.

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About Author

Neuberger Berman  is a global asset manager for institutional and individual investors

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