So are mutual funds doomed to underperform?
那么，共同基金是不是注定要落后于市场呢？
Netflix was raised to "buy" from "underperform" at Bank of America Corp.
美国银行把奈飞公司股票评级从减持上调为买入。
If it did, everyone would adopt it, and who would be left to underperform?
要是有用的话，大家都会用它了，那怎么还会有业绩不佳的人？
His recommendation is an understated "underperform" - Wall Street code for sell.
他对于该股的持有者建议，是保守的“表现低于预期”——用华尔街的话说，就是要抓紧卖掉。
On average, the securities they purchase actually underperform those they sell.
平均来说，他们购买的证券的业绩表现要差于他们卖出的证券。
I said that no stock is likely to outperform the market or underperform the market.
我对你们说没有股票，会有比市场表现的好，或者差的可能性。
The sector will underperform the overall market by 10% or lower within 6 – 12 months.
我们预计未来6-12个月内，行业整体回报低于市场整体水平10%以上。
We can see that the two most popular sources of traffic underperform the site average.
我们可以看到，这两个最流行的来源网站流量低于平均水平。
Investors have seen Nokia underperform the market by about 30 per cent over the past year.
投资者已注意到，过去一年里诺基亚股价的表现落后大盘约30%。
But even prior to the FIFA ranking system, favorites have tended to underperform at the World Cup.
不过，即便是在国际足联排名出台之前，热门球队在世界杯上通常都是表现欠佳。
Equities would underperform while bond spreads would widen as markets price in higher volatility risk.
股市将会表现不佳，同时随着市场反映更大的波动性风险，债券息差将会扩大。
A website that just sits there, without a consistently strong promotional effort, will continue to underperform.
网站做好了，就放在那里，如果不进行大力度的持续推广，那么这个网站仍然不会产生实际的效果。
But you may remember that Larson is an extremely conservative investor who would naturally underperform in boffo years.
但是，你应该记得拉森是一个极为保守的投资者，自然在牛市的年份不能发挥出全部水平。
In my view, it is likely that U. S. stocks and bonds will underperform their long-term average returns for years to come.
在我看来，美国股市和债市在未来数年的回报率将比不上它们的长期平均水平。
In the interim, our economy will not have access to all of the credit it needs and may underperform, at great cost to our society.
在过渡期间，我们的经济将无法获取所需的全部信贷并可能表现不佳，从而让我们的社会承担巨大的代价。
Already, some construction lawyers have said that owners might face additional risk of lawsuits if buildings are found to underperform.
一些建筑律师曾经说过，如果发现建筑物性能不够好，业主会面临另外诉讼的风险。
Among the handful of occupations that underperform engineering in the percentage of female practitioners is truck driving, at 5 percent.
在众多行业中女性比例能够低于工程师的是卡车司机，只有5%。
Headmasters are often appointed in their 30s and rewarded with merit pay if they do well but moved on quickly if their schools underperform.
任命三十至四十来岁的人当校长，如果干得好就有绩效奖，但如果学校表现不好，马上就会被调走。
Mark Moskowitz, an analyst at JPMorgan (JPM) said last week he expects HP to continue to underperform its peers in revenue and earnings growth.
摩根大通公司（JPMorgan）的分析师马克•莫斯科维兹前不久表示，他预计，惠普的营业额和收入增长会继续落后于竞争对手。
Research by Lucian Bebchuk, a Harvard professor, found that US companies with mechanisms to block takeovers underperform those that lack them.
哈佛大学教授卢西恩•拜伯切克(LucianBebchuk)的研究发现，拥有阻挠收购机制的美国公司，表现比不上那些没有这种机制的公司。
Because the index represents the average return of all investors before costs, some managers will beat the index while others will underperform.
由于指数是所有投资人的平均回报(收取费用前)，有些管理人能够超过指数回报，而有些则不能。
Credit Suisse upgraded the stock to "outperform" from "underperform" amid optimism the company will restore profits in money-losing businesses.
瑞士信贷将该股“跑赢大市”从“低于”因乐观，该公司将恢复盈利，亏损企业。
The company was downgraded to "reduce" from "buy" at Nomura Holdings Inc. and to "underperform" from "buy" at BofA Merrill Lynch Global Research.
野村控股把雀巢公司股票评级从买入下调为减持，美国银行美林全球研究中心把雀巢公司股票评级从买入下调为弱于大盘。
If too few Banks fail the test investors will probably react negatively and risky assets should underperform, "the Danske bank strategists said."
如果仅有几家银行没有通过测试，投资者可能会有消极反映，应该减持风险资产。
Institutional investors and hedge funds expect as a matter of course that boards will hold managers to account and sack bosses who badly underperform.
机构投资人和对冲基金预计董事会将追究经理的责任，并解雇表现不佳的领导层，这在他们看来是理所当然的事情。
By clicking the "compare to site average" icon and selecting a comparison metric, you can see which sources outperform and underperform the site average.
通过点击“比较网站平均”图标，并选择一个比较指标，你可以看到它的来源和表现低于平均水平的网站。
So here, for example, if we select Bounce Rate as our comparison metric. we can see that the two most popular sources of traffic underperform the site average.
所以在这里，例如，如果我们选择跳出率作为比较数据。我们可以看到，这两个最流行的来源网站流量低于平均水平。
So here, for example, if we select Bounce Rate as our comparison metric. we can see that the two most popular sources of traffic underperform the site average.
所以在这里，例如，如果我们选择跳出率作为比较数据。我们可以看到，这两个最流行的来源网站流量低于平均水平。
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