S&P: Active Funds Beating Indices in Q305

October 14, 2005 (PLANSPONSOR.com) - Actively managed large-cap funds continue to outperform the S&P 500 in 2005 with 55.8% of the funds edging out the index through September, Standard & Poor's announced.

However, an S&P news release said that the Standard & Poor’s Indices Versus Active Funds Scorecard (SPIVA) found that mid- and small-cap funds are still lagging their respective benchmarks.  Through September, the S&P MidCap 400 has outperformed 72.1% of mid-cap funds, and the S&P SmallCap 600 has bested 72.3% of small-cap funds.  Sector funds have outperformed indices in six out of eight sectors through the first nine months of the year, S&P said.

Over longer periods indices are also outperforming a majority of actively managed funds. Over the past three years, the S&P 500 has outperformed 69.4% of large-cap funds, the S&P MidCap 400 has beaten out 69.1% of mid-cap funds, and the S&P SmallCap 600 has outperformed 71.7% of small-cap offerings.

Over the last five years, the S&P 500 has beaten 63.6% of large-cap funds, the S&P MidCap 400 has outperformed 77.5% of mid-cap funds and the S&P SmallCap 600 has edged out 75.1% of small-cap funds. 

More information is  here .

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