According to a research trove of actionable equity data, Goldman Sachs Group Inc analysts have provided useful insights for investors in their monthly U.S. Chartbook.
Via Goldman Sachs chief U.S. equity strategist David Kostin: “Large-cap core mutual funds have slightly outperformed the S&P 500 year-to-date, returning 20.4% vs. the market at 19.8%. Hedge funds have continued to lag returning only 3.5%; however long/short equity funds have returned 11.8%.”
Kostin says those mutual funds are overweight names like Microsoft, Google, Johnson & Johnson, Wells Fargo, and Procter & Gamble; whereas they are underweight names like Apple, Berkshire Hathaway B shares, Pfizer, Exxon Mobil, and IBM. Source
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