Unless you were a short-seller it was really, really hard to lose money in 2009
The S&P 500 returned 26.46% in 2009. That’s what you could have returned just by investing in a low-fee ETF and then going to sleep and waking up a year later.
But despite the fees and the longstanding criticisms of the industry, it persists and pulls and gigantic sums of money every year.
We decided to check out the fund managers who didn’t keep up in 2009, and didn’t deliver.
Several made money, but compared to the broader markets, their investors lost out.
Now of course, this is just one year’s performance, and it’s the long-term record that matters. But when one-year returns look good, fund managers tout the hell out of them. So it seems fair to do the opposite.
See the year’s 15 worst fund managers –>
Join the conversation about this story »
See Also:
- How To Decode A Mutual Fund Brochure
- Barron’s Bill Miller Cover Story Shows What’s Wrong With The Mutual Fund Industry
- 15 Public Pension Chiefs Whose Funds Are Zooming Towards Collapse