, Columnist
Small Is Better and So Is Passive in Money Management
S&P’s latest report on fund managers portrays persistent contrasts in performance.
Sometimes self-reflections helps.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Growth stocks are trouncing value. Small caps are beating large. And more professional managers are beating their benchmarks now than a year earlier.
Those are only some of the details from the latest S&P Indices Versus Active Funds U.S. Scorecard, or SPIVA. Twice a year, Standard & Poor’s Indices group releases this deep dive into mutual-fund performance. It analyzes funds by capitalization levels and investment styles to review their performance versus various benchmarks.1