These Are Barron’s Best Fund Families

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Illustration by Chad Hagen

Investors build wealth when markets rally, but losing less when markets fall also matters for long-term returns.

In a year when U.S. equities had their worst one-year returns since 2008 and bonds notched their worst year ever, 2022 was a chance for active fund managers to prove their risk-management skills by losing less than the broader indexes.