What we’re reading (12/5)
“Mutual Funds That Consistently Beat The Market? Not One Of 2,132.” (New York Times). “Over the last five years, not a single mutual fund has beaten the market regularly, using the definition that S&P Dow Jones Indices has employed for two decades. The S&P Dow Jones team looked at all the 2,132 broad, actively managed domestic stock mutual funds that had been operating for at least 12 months as of June 2018.”
“How A Basket of ETFs Mimicked The Performance Of Top Hedge Funds” (Institutional Investor). “If the performance of the best hedge fund managers can be mimicked by a cheaper fund, why invest in less liquid and more complex products?”
“PepsiCo To Lay Off Hundreds Of Workers In Headquarters Roles” (Wall Street Journal). “Hundreds of jobs will be eliminated, one of the people said. The cuts affect the company’s North America beverage business, which is based in Purchase, N.Y., and its North America snacks and packaged-foods business, which has headquarters in Chicago and Plano, Texas, the people said.”
“What is ‘Shrinkflation’?” (The Week). “Switching between brands, or to a more generic product, is a good way to circumvent shrinkflation, CNBC suggests. Consumers can also try and submit a complaint with the manufacturer, which may be enough to score some coupons and save some money (though not enough to stop shrinkflation in its tracks, of course), Dworsky told CNBC. Financial advice website SmartAsset recommends planning your meals, avoiding impulse purchases, shopping the sale items, and using credit card rewards to save money while shrinkflation is rampant.”
“From Chicken Wings To Used Cars, Inflation Begins To Ease Its Grip” (Washington Post). “After more than a year of high inflation, many consumers are finally starting to catch a break. Even apartment rents and car prices, two items that hammered millions of household budgets this year, are no longer spiraling out of control.”
