16 days ago • Posted by Martin Boujol
70% of stock pickers outperformed the Russell 1000 in May
According to Bank of America, this is one of the best month in history for active fund managers, as their strategies beat the overall market. February was even stronger, with 70.3% of stock pickers beating the market. These two months are now the strongest month in history since 2007. As a comparison, in the past 12 months, only one third of active managers had managed to beat the Russell 1000.