Heros in Haystacks

Active funds often fall short - do active portfolios fare better?

Until now, SPIVA research has focused on evaluating individual active funds, rather than portfolios of active funds. In real-world scenarios where multiple active funds are combined, are underperformance trends amplified or does diversification across asset classes mitigate the impact of underperformers?

In their latest report, S&P Dow Jones Indices answer this question and many more including:

• What characteristics define winning portfolios?
• Are "hero funds" a myth or reality?
• Which fund category offers the greatest reward for choosing an outperformer?
• Does shifting equity/fixed income allocations significantly change underperformance rates?
  
  Read the report