Activists Back on Attack as Lagging Fund Primed to Beat S&P 500
Activists are on the attack and it might be a good time to ride their coattails.
One way could be the 13D Activist Fund, which invests in companies targeted by shareholder activism. As of Wednesday, it trailed the SPDR S&P 500 exchange-traded fund by 9 cumulative percentage points since its January 2012 inception on a total return basis. That’s the most in about two years and represents a rare reversal in the fund’s performance relative to the broader stock market. As recently as June, the activist fund held a 19 percentage point advantage.
©2018 Bloomberg L.P.