Active Equity Managers Fare Worse


    S&P Dow Jones Indices’ ‘SPIVA Canada Scorecard’ for the first half of 2016 shows the majority of active equity managers investing in domestic equity faring worse than their respective benchmarks, with just over one-quarter of Canadian equity funds (26.42 per cent) outperforming the S&P/TSX Composite Index over the one-year period. The one-year data also shows unfavourable results for actively managed funds in the Canadian small/mid-cap equity category with only 31 per cent of managers outperforming the S&P/TSX Completion Index. The majority of active managers in the international equity category also saw their returns lag the benchmark, with 42.5 per cent of international equity managers beating the S&P EPAC LargeMidCap Index over the 12-month period ending June 30.