UBS's market-value lead over its Swiss rival has increased to levels not seen since the global financial crisis.
Cathie Wood and Warren Buffett have both delivered returns of about 35% over the past 24 months.
The famous tech fund is now down 22% in 2021, heading for its worst annual performance since its inception in 2014.
Risk-averse investors are turning away from the growth tech stocks favored by Wood's flagship fund.
Most managers believe there are still good times to come in the second half of 2021.
Some analysts are even calling for a period of "stagflation" in the coming years.
Yes, valuations are still a factor in equity performance.
That may hamper short-term returns, but Goldman still expects “significant” equity market upside in 2021.
While investors should take some risk, the firm's CIO warned against being too aggressive.
International investors and economists give their outlook for global developed markets in 2020
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