News Article | July 21, 2017 |
CNBC (July 21, 2017): Stock pickers are having the best year since the bull market began back in 2009, and investors are starting to take notice.
Active funds, which employ managers who move in and out of positions, hauled in $3.5 billion last week, the best showing in 2½ years, according to Bank of America Merrill Lynch. While a pittance compared with the massive outflows in recent years, the move represents at least an acknowledgement that the climate has gotten better for stock selection.
Sierra Chief Investment Officer Terri Spath warns “As markets yawn to higher highs while registering lower lows in volatility, it’s too easy to forget that, stocks do sometimes go down.”