Active Versus Passive Scorecard: Emerging Markets Small-Cap Funds Are Big Active Winners

Twice a year, Standard & Poor's releases a “SPIVA Scorecard” -- a report comparing the performance of active managers versus three passive indexes.

Twice a year, Standard & Poor's releases a "SPIVA Scorecard" -- a report comparing the performance of active managers versus three passive indexes. The S&P 500 large caps, S&P MidCap 400 and S&P SmallCap 600 are pitted against the median returns of active managers.

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