Indeed, Morningstar data shows that less than 35% of actively managed equity mutual funds beat their benchmarks in the first four months of this year, while 47% did last year.
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Laurence Fink, who heads up investment firm BlackRock, says the asset management industry will experience a wave of consolidation. So reports Bloomberg.
Indeed, Morningstar data shows that less than 35% of actively managed equity mutual funds beat their benchmarks in the first four months of this year, while 47% did last year.