Investing July 13, 2005

Large Caps Slip Ahead of Active Funds at Mid-Year

July 13, 2005 (PLANSPONSOR.com) - With 52.5% of large cap funds outperforming the S&P 500 through June, actively managed mutual funds were able to avoid a complete sweep by their indices during the first half of 2005, Standard & Poor's has reported.
Reported by

According to the Standard & Poor’s Indices Versus Active Funds Scorecard (SPIVA), the S&P MidCap 400 bested 80.4% of mid-cap funds through June, while the S&P SmallCap 600 outpaced 73.1% of small-cap funds. 

However, longer-term results continue to find the indices over a majority of active funds, S&P said. Over the past three years, the S&P 500 has outperformed 74.5% of large-cap funds, the S&P MidCap 400 has outperformed 79.1% of mid-cap funds, and the S&P SmallCap 600 has beaten out   76.8% of small-cap funds. Similarly, over the past five years, the S&P 500 has bested 61.8% of large-cap funds, the S&P MidCap 400 has won out over 80.8% of mid-cap funds, and the S&P SmallCap 600 has outstripped 72.7% of small-cap offerings.

The complete second quarter SPIVA scorecard, as well as previous quarterly SPIVA reports, is at    www.spiva.standardandpoors.com .    

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