BBRG: Small Is Better and So Is Passive in Money Management

Small Is Better and So Is Passive in Money Management
S&P’s latest report on fund managers portrays persistent contrasts in performance.
Bloomberg, October 22, 2018

 

 

 

“How is your portfolio doing this year?”

Thats a question lots of investors are asking lately.

Growth stocks? Value? Small caps vs large? Active professional managers vs passive benchmarks?

You can find lots of details about these in the 2X a year Standard & Poor’s Indices group release of the S&P Indices Versus Active Funds U.S. Scorecard, or SPIVA. Its a deep dive into mutual-fund performance.

The results for the 12-month period ended June 30 contain numerous surprises, along with some expected data on active management. The exercise of sifting through the details can be quite instructive . . .

Full Column here

 

 

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I originally published this at Bloomberg, October 22, 2018. All of my Bloomberg columns can be found here and here