💨 Abstract

The article discusses the challenges active equity managers face in consistently outperforming their benchmarks, as evidenced by the S&P Indices Versus Active (SPIVA) study. Over the past five years, 76.3% of large-cap U.S. equity funds underperformed the S&P 500. However, fixed-income funds show better results, with only 57.9% of general investment-grade bond funds lagging behind their benchmark.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖