Bloomberg

With Tech Oligarchy Shaken, Active Funds Are Having a Great Time

(Bloomberg) — Turmoil in megacaps like Apple Inc. is stirring investor anxiety. But for professional stock pickers, it’s mostly good news when the market’s biggest companies loosen their grip.Since the start of the year, 57% of large-cap mutual funds have beaten their benchmarks, marking the industry’s best start to a year in almost a decade, data compiled by Goldman Sachs Group Inc. show. A key driver is the easing dominance of mega-companies that funds chronically own too little of.Now, hope for an economic rebound is breathing life into everything from small caps to once-ignored stocks such as energy, expanding the pool of winners. The Russell 2000 is poised to beat the Nasdaq 100

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