Turmoil in tech is good news for stock pickers
Now there is hope for everything from small caps to once-ignored stocks such as energy
24 February 2021 - 17:05
New York — Turmoil in megacaps such as Apple is stirring investor anxiety, but for professional stock pickers, it’s mostly good news when the market’s biggest companies loosen their grip.
Since the start of 2021, 57% of large-cap mutual funds have beaten their benchmarks, marking the industry’s best start to a year in almost a decade, data compiled by Goldman Sachs Group shows. A key driver is the easing dominance of megacompanies that funds chronically own too little of...
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