MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, September 23, 2013 WSJ and Rekenthaler Consider Rothenberg's New Moves Last Thursday, MFwire covered the striking publicity move by the chairman of Capital Group [profile], which oversees American Funds. The famously taciturn chief, James Rothenberg flew to NYC to speak to various media outlets including reporters from Reuters and the Financial Times. Today, Morningstar's John Rekenthaler and the Wall Street Journal's Tom Lauricella took note of Rothenberg's move to speak and considered the new study American Funds released, "The active advantage: A history of delivering persistent above-benchmark returns.? The move into the spotlight could indicate that active stock-fund managers are finally taking a stand after seeing billions of dollars move into index funds. Rothenberg admits that the average fund manager struggles to beat the index but argues in its new research paper that its funds fare better, writes Lauricella. Rekenthaler says the new research isn't perfect, but a good starting point. The study, "The active advantage: A history of delivering persistent above-benchmark returns," ultimately shows the strengths of American Funds, rather than the industry for actively managed funds as a whole. See the WSJ article here, and the Morningstar article here. Printed from: MFWire.com/story.asp?s=46167 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |