Password to performance
There are a couple of lessons to be learned from the recent correction. The first is that most fund managers didn’t do much. And that’s a fact of life for anyone in big super funds. It’s not a criticism; it is simply reality. Big funds are too big to do anything material to respond to significant market events like the one we have seen this year.
Yes, it has been the best buying opportunity in a decade, and just maybe some of the funds have rushed money into the market when they could have taken their time, but by and large they have not responded to the “corona crash”, and here is the proof. It
