Mullaney Keating & Wright

Independent Investment Professionals

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ACTIVE vs PASSIVE SCORECARD

In Sunday’s New York Times Jeff Sommer reported on the “bakeoff” results reported by the S&P Dow Jones SPIVA Scorecard. The link is here STRATEGIES – Sommer.

The complete report is worth a look.  The link is here SPIVA US year-End 2014.  Page 6 Report 2 and Page 7 Report 3 are compelling.  The 10 year survivorship of All  Domestic Funds is only slightly better than 50% and NO Style Consistency statistic is better than  47%. No size/style actively managed mutual fund category equal weighted average return beat its benchmark on a 1, 3, 5 or 10   year  basis.

TFM