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Key Takeaways In 13 of the last 15 calendar years, the average large-cap active mutual fund lagged the widely followed S&P 500 Index. In 2020, just 40% of large caps kept pace with the benchmark behind Vanguard S&P 500 ETF (VOO) and Vanguard 500 Index Fund (VFIAX), according to the latest SPIVA Scorecard. High fees eat into actively managed fund returns, with large-cap mutual funds commonly charging a 100-basis-point expense ratio. The average large-cap mutual fund lagged the S&P 500 by 170 basis points in 2020. Three times as many active large-cap funds outperformed the S&P 500 Index during quarters when the S&P MidCap 400 Index performed relatively well compared to when it lagged, a signal that active managers’ efforts to differentiate a fund often involved a smaller-cap bias. ....
2020 rough on Fiesta Texas, SeaWorld as COVID-19 pandemic thinned crowds FacebookTwitterEmail 1of8 Visitors view stingrays in the Aquatica area as SeaWorld San Antonio entertains a limited amount of guests last July.Staff file photoShow MoreShow Less 2of8 SeaWorld park President Byron Surrett shows off the Christmas lighting on Dec. 21, 2020.Staff file photoShow MoreShow Less 3of8 4of8 Guests are socially distanced during a performance at the Sundance Theater during Halloween activities at Six Flags Texas. The haunted houses moved outdoors with social distancing and mask protocols put in place.Robin Jerstad /ContributorShow MoreShow Less 5of8 SeaWorld park President Byron Surrett shows off the Christmas lighting at the park.Staff file photoShow MoreShow Less ....
Airlines, airports saw bump in travel over holiday season - but it s not likely to last FacebookTwitterEmail Troops arrive by taxi, and others by military busses, at the San Antonio International Airport, Tuesday, Dec. 22, 2020. Troops from Joint Base San Antonio started the annual holiday break exodus on Saturday and will continue through part of this week.Jerry Lara, Staff / San Antonio Express-News Over the recent holiday season, airlines and San Antonio International Airport and other such U.S. facilities took in more passengers than in any stretch since the pandemic began 10 months ago. But the increase in travel isn’t expected to continue in the weeks ahead, and the temporary bump probably didn’t stem the airlines’ financial losses. ....