The S&P 500 is crushing diversified funds. So if you didn't bet big on the U.S. stock index, ‘then you look like a moron,' portfolio expert says [Fortune]
Morningstar, Inc. (MORN)
US:NASDAQ Investor Relations:
shareholders.morningstar.com/investor-relations/default.aspx
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Source: Fortune
Now, after heeding Wall Street's mantra to diversify for the long haul, these investors are watching with envy as the US stock rally leaves them in the dust yet again. The numbers are stark. Money managers who obeyed the financial industry's age-old wisdom to divide investments across markets and geographies are on an epic losing streak versus those who simply bought the S&P 500 and sat still. In one example, out of roughly 370 asset-allocation funds tracked by Morningstar Inc., just one has managed to beat the index since 2009. It's been a big lesson in futility, rather than a disaster per se. Diversified portfolios have still managed to return around 6% a year over the stretch, going by a model kept by Cambria Funds . Yet the streak of underperformance is getting historic — and could get worse as the AI-fueled equity melt-up endures. Broadly, diversified portfolios have trailed the US large-cap stock index in 13 of the last 15 years, a stretch seen only once before in almost a c
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MORN
Sec Filings
- 6/20/24 - Form 8-K
- 6/18/24 - Form 8-K
- 6/14/24 - Form 8-K
- MORN's page on the SEC website