Bank of America: 43% Funds Beat Benchmarks

Only 43% of global active funds outperformed benchmarks in April, with a median relative return of -0.43%.
Global equities rose 10% in April, driven by rotation toward high‑risk stocks; growth funds led with 48% outperformance.
Asia‑Pacific ex‑Japan funds performed best regionally, 55% beating benchmarks and posting a +0.17% median return, overweighting Taiwan and Korea.
High Active Share (80‑100) funds were overweight in AIA and HDFC Bank while underweighting major tech names like Apple and Microsoft.