(Harvest) US growth stocks surged in the first half of 2017, fueled by mega-cap technology companies. Active managers of growth portfolios have done especially well, reinforcing the case for stock-picking strategies.
Last year was tough for investors in US growth stocks. Only 6% of active managers in large-cap growth equities beat their benchmarks during 2016—the worst year on record. But this year’s rebound has been swift, with more than 70% of active growth managers outperforming their benchmarks in large-, medium- and small-cap stocks through May, according to Morningstar data.
