Morningstar Publishes List of Fund Managers that have Created and Destroyed Most Wealth
Morningstar recently published findings from a study that ranks U.S. fund managers based on the amount of wealth they have created or destroyed for their clients over the past decade.
Janus Capital Group was the worst performer with a total of $58.4 billion in value destruction over the past decade. Putnam Investments was a close second with $46.4 billion in wealth destruction.
American Funds was the leader in value creation adding $191 billion to the net wealth of its clients over the past decade. $189 billion in value creation made The Vanguard Group was a very close second to American Funds.
Source: Bloomberg
