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August 29, 2016

Here's a contrarian move: Trust a stock picker

  • The market's current herd mentality means stock pickers have had a rough few years in comparison to index funds, but they see better conditions ahead.
    • By STAN CHOE
    AP Business Writer

    NEW YORK — It's perhaps the most contrarian move in investing today: Trust a stock picker.

    Investors have been dumping funds run by managers who try to beat the market, and they're pouring money instead into those that track the Standard & Poor's 500 or other indexes. Last month alone, $44 billion left actively managed stock funds, and nearly $41 billion went into comparable index funds.


     
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