, Columnist
Stockpickers Can Breathe Again as FANGs Stumble
The recent turbulence has spurred a revival for active fund managers.
Not such a scary presence anymore.
Photographer: Elsa Sendra/Moment Mobile/Getty images
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After another day of screeching turns in the U.S. stock market, and an enthusiastic attempt by the European Central Bank to keep bond yields down, the winners and losers from the recent turbulence are growing clearer. Active managers, after a dreadful year, have enjoyed a revival. The question is how long it can last. The losers, following a script that has played out many times in the past, are the emerging markets.