Growth Spurt For Active Managers

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.

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Market conditions today warrant an active approach, in our view. Valuations are relatively high and volatility is very low. In this type of market, we believe careful stockpicking driven by fundamental research is the best way to avoid risky parts of the market and deliver solid long-term returns.

Growth Spurt for Active Managers

The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams.

Article by Alliance Bernstein

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