Mutual Funds Weekly: Fund managers face a stock market hurdle of their own making

Don’t miss these top money and investing features:

This week’s digest looks at a big stock-market hurdle facing most mutual-fund managers, and why good companies don’t always make good stocks. Plus, Facebook’s Mark Zuckerberg is an increasingly vocal proponent of providing basic income to all citizens, and see how digital currency bitcoin is spawning an impressive array of imitators.

—Jonathan Burton

Here’s the big reason why your active fund stinks

Why does active fund management disappoint so often? One big reason is because most active managers refuse to hold cash when stocks get expensive.

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