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Stock pickers are shunning the cardinal rule of investing as they fight the machines trying to replace them — and they're still losing
  • Active fund managers are moving away from the time-honored strategy of portfolio diversification as passive investing threatens their sector.
  • Active US funds holding fewer than 35 stocks have nearly doubled in the last decade, the Wall Street Journal reported, citing Morningstar Direct data.
  • The shift arrives as exchange-traded funds and robo-advisers offer investors diversified portfolios with little to no fees.
  • The concentrated portfolios haven't proved their superiority over the last decade, underperforming the S&P 500 during market surges and tumbles, according to WSJ.
  • Visit the Business Insider homepage for more stories.


Full "The Business Insider: The Money Game" article

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