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.