the drift of the three previous funds, the index fund maintained relatively constant exposure to large growth and large value equities over the entire period. The Standard & Poor’s Indices versus Active Funds Scorecard82 (SPIVA®) is a report that provides information on the consistency or “persistence” of funds staying true to their styles. Data from the year-end 2013 report is shown in Figure 6-9, revealing the inconsistency or lack of persistence in the list of funds from 2009 through 2013. Looking at the active domestic equity funds tracked by Standard and Poor’s, only Figure 6-9
Published on Jun 1, 2015
This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...