Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Active Vs. Passive Scorecard Out Not Rated 4.0 Email Routing List Email & Route  Print Print
Wednesday, November 13, 2002

Active Vs. Passive Scorecard Out

by: Ki Kim

Standard & Poor's has launched its Standard & Poor's Indices Versus Active Funds Scorecard (SPIVA), which reveals quarterly performance for domestic equity funds benchmarked against corresponding S&P indices. The benchmarks include the S&P 500, S&P MidCap 400, S&P SmallCap 600 and S&P SuperComposite 1500 for broad market comparisons. Also, the S&P/BARRA growth and value indices are used for specific style categories.

The fourth quarter 2002 SPIVA Scorecard includes comparisons over the full bull/bear market cycle of the past five years. This quarter's report showed that over 63 percent of all large cap equity funds were unable to beat the S&P 500 benchmark over the last five years. As the market turned bearish, however, actively-managed large-cap funds fared relatively better with 54 percent beating the index over the last three years.

Mid cap funds experienced the most difficulty beating the index, the S&P MicCap 400, across the three time periods studied, with only seven percent showing better returns during the five-year period.

Moreover, 67 percent of actively-managed small-cap funds over the five-year period and 71% over three years under-performed the SmallCap 600. The complete fourth quarter SPIVA Scorecard is available www.standardandpoors.com.

The methodology is designed to provide an accurate, "apples-to-apples" comparison of funds' performance versus their appropriate style indices, and corrects for factors that have previously skewed results. SPIVA scorecards show both asset-weighted and equal-weighted averages, and include "survivorship bias" correction to account for funds that may have merged or been liquidated. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  2. IMEA webinar - Snapshot on the Talent Landscape, June 18
  3. 2024 MMI National Accounts Roundable, June 18
  4. MMI webinar - RIA Consolidators: The New Key Accounts?, June 20
  5. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  6. MMI webinar - DoL Fiduciary Rule Update: What Are the Implications?, June 21
  7. WE Chicago - Pre-Morningstar Conference reception, June 25
  8. Celebrating 100 Years of the Mutual Fund, June 25
  9. New York YPEM Cornhole Classic, June 25
  10. Morningstar Investment Conference Conference 2024, Jun 26-27
  11. 2024 MMI Institutional Roundtable, June 26
  12. WE PNW Seattle - Pickleball and Networking, June 27
  13. Celebrating 100 Years of the Mutual Fund, July 11
  14. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  15. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  16. MFDF Director Discussion Series - Open Forum (New York), July 23
  17. IMEA Portfolio Construction Roundtable, September 19
  18. MFDF Continuing Regulatory Impacts on Fund Boards program, October 15
  19. 2024 MMI Annual Conference, Oct 15-17
  20. IMEA Philanthropic Day, October 22
  21. IMEA Leadership Summit, October 23
  22. IMEA Star Awards Celebration, October 23
  23. IMEA Marketing Summit, October 24
  24. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  25. MFDF Director Discussion Series - Open Forum (Denver), November 6
  26. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use