Nearly half of U.S. large-cap stock-picking funds beat the S&P 500 in a brutal sell-off in the first half of the year, putting active managers in their best year since 2009.
Stricken by sky-high inflation and rising interest rates, the S&P 500 index fell 20% on a total return basis, which includes dividends as well as price change, in the first six months of 2022. That’s the first half. the index’s worst year by data. back to 1988, according to Dow Jones Market Data.
