What Fund Managers Get Right

Investment managers typically get their equity purchases right on days of earnings results, but they are less successful at timing when to sell out of a stock

John Rekenthaler 18 January, 2019 | 2:39PM

Targets

Professional stock investors have two jobs: 1) buying equities and 2) selling them. How well do they perform each role?

Enough studies have occurred so that we have a pretty good idea of how the typical US equity fund manager fares: slightly better than the benchmark before expenses are considered, slightly behind after.

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About Author

John Rekenthaler

John Rekenthaler  John Rekenthaler is vice president of research for Morningstar.

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