Why it's getting easier for active managers to beat the S&P 500 in 2025

1. 54% of active large-cap funds underperformed S&P 500 in H1 2025. 2. This is an improvement from 65% in 2024, suggesting better stock picking. 3. Increased volatility created opportunities for active managers to exploit market dips. 4. The S&P 500 has risen over 10.5% in 2025, reaching record highs. 5. A broad range of sectors are flourishing, not just information technology.