Published:May 14, 2016 9:30 a.m. ET
CNBC personality’s Action Alerts Plus portfolio trails S&P 500, study finds
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On the movie “Money Monster,” Jim Cramer says, “I haven’t seen the movie so I can’t speak to it, but any day that George Clooney possibly plays a character rumored to be based on me is a win in my book.”
By
JENNIFERBOOTON
REPORTER
Update: The photo caption on this story previously included a partial quote from Jim Cramer, it has been updated to include the full quote.
CNBC TV personality and “Mad Money” host Jim Cramer has built a lucrative career as a stock picker, but a new analysis of his charitable fund—a personal stock portfolio he co-manages that the financial website he founded has built a subscription service upon—shows he doesn’t beat the market.
Cramer’s Action Alerts Plus portfolio has underperformed the S&P 500 indexSPX,-0.85% in terms of total cumulative returns since its 2001 inception, according toa working paper released Fridayby Jonathan Hartley and Matthew Olson, researchers from the Wharton School at the University of Pennsylvania. While the fund outperformed the 500-member index in the years leading up to the 2008 financial crisis—which Hartley said was partially a reflection of the fund’s previous inclusion of small-cap companies and growth stocks that were outperforming during the pre-recession bull run—things have gotten worse since 2011, with Action Alerts Plus falling 9.5% in that year, when the S&P 500 was unmoved. It rose just 1.3% in 2014, versus an 11.4% increase for the S&P, the study found.
http://www.marketwatch.com/story/jim-cramer-doesnt-beat-the-market-2016-05-13
CNBC personality’s Action Alerts Plus portfolio trails S&P 500, study finds
On the movie “Money Monster,” Jim Cramer says, “I haven’t seen the movie so I can’t speak to it, but any day that George Clooney possibly plays a character rumored to be based on me is a win in my book.”
By
JENNIFERBOOTON
REPORTER
Update: The photo caption on this story previously included a partial quote from Jim Cramer, it has been updated to include the full quote.
CNBC TV personality and “Mad Money” host Jim Cramer has built a lucrative career as a stock picker, but a new analysis of his charitable fund—a personal stock portfolio he co-manages that the financial website he founded has built a subscription service upon—shows he doesn’t beat the market.
Cramer’s Action Alerts Plus portfolio has underperformed the S&P 500 indexSPX,-0.85% in terms of total cumulative returns since its 2001 inception, according toa working paper released Fridayby Jonathan Hartley and Matthew Olson, researchers from the Wharton School at the University of Pennsylvania. While the fund outperformed the 500-member index in the years leading up to the 2008 financial crisis—which Hartley said was partially a reflection of the fund’s previous inclusion of small-cap companies and growth stocks that were outperforming during the pre-recession bull run—things have gotten worse since 2011, with Action Alerts Plus falling 9.5% in that year, when the S&P 500 was unmoved. It rose just 1.3% in 2014, versus an 11.4% increase for the S&P, the study found.
http://www.marketwatch.com/story/jim-cramer-doesnt-beat-the-market-2016-05-13
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