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Most stock funds lag their benchmark index

Lipper says it is probably their worst comparative showing in 30 years. Even long-time standouts are lagging, at a time when advisers are growing more focused on fees.

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DECADES-LOW: Roughly 85 per cent of active large-cap stock funds have lagged their benchmark indexes through Nov 25 this year, according to an analysis by Lipper, a Thomson Reuters research unit. It is likely their worst comparative showing in 30 years.

Boston

STOCK-PICKING fund managers are testing their investors' patience with some of the worst investment returns in decades.

With bad bets on financial shares, missed opportunities in technology stocks and too much cash on the sidelines, roughly 85 per cent of active large-cap

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