Markets News
Most Active Large-Cap Funds Still Trail the S&P 500
The latest SPIVA scorecard shows the long-running gap between active fund managers and their benchmarks persisted across nearly every period measured.
Author
Christopher Lee
Independent editorial contributor covering markets, geopolitics, public institutions and long-form political analysis.
Articles by Christopher Lee
Markets News
What Stock Market Circuit Breakers Actually Do When Prices Plunge
The automatic halts have triggered only twice since 1997, and research suggests they can raise volatility as much as they calm it.
Investing
How the Wash-Sale Rule Actually Works, and What Counts as Substantially Identical
A mistimed repurchase can quietly erase a tax loss an investor was counting on. Here is how the IRS defines the window, and where the disallowed loss actually…
Markets News
What SIPC Protection Actually Covers When a Brokerage Firm Fails
The $500,000 limit protects the securities in an account against a failed brokerage, not against a falling market. Here is where the line sits, and how a…
Markets News
Why Most Actively Managed Funds Underperform the S&P 500 Long Term
New SPIVA and Morningstar data show the share of active managers beating the index shrinks the longer you measure — and cost is the main reason why.