Active managers are still having a tough time asserting their relevance, but they are actually doing well in one asset category, according to InvestmentNews.

And that area would be international small-cap.

The trade pub reports that nine out of 10 international small-cap funds beat the S&P Developed Ex-U.S. Small Cap Index over the three-year period ended Dec. 31, according to the S&P Indices Versus Active Funds Scorecard for 2012. Almost eight out of 10 have beaten it over the trailing five years and 85% outperformed in 2012. The findings were based on 61 international small-cap funds, according to InvestmentNews.

Some of the top funds over that period were the Invesco International Small Company Fund, the Franklin International Small Cap Growth Fund and the Goldman Sachs International Small Cap Fund.

Read more in InvestmentNews. 

Edited by: Tommy Fernandez


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