Tag Archives: passive investing
The Takaichi Trade: How Dispersion Shaped Japanese Active Funds’ Fortunes
Amid a strong year for global equities in 2025, the latest SPIVA® Japan Scorecard showed that most active funds in Japan struggled to outperform their assigned benchmarks. An interesting finding in the report was the striking difference in relative performance between actively managed Japanese Large-Cap funds and Japanese Mid-/Small-Cap funds. Just 49% of Japanese Large-Cap…
- Categories Equities
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2026 Is the Year of the Stock Picker?
Recent market commentary has declared that 2025 was a brutal year for stock picking, with USD 1 trillion pulled out of active equity mutual funds during the year, according to the Investment Company Institute. The year was characterized by sharp double-digit swings for the S&P 500®, and in such environments filled with bouts of volatility,…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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Fixed Income Funds and Their Fortunes
Global fixed income markets have been buffeted by tariff-related tensions and inflation concerns coupled with monetary policy uncertainty, with many central banks cutting rates, Japan in tightening mode and the U.S. Fed ending its quantitative tightening program. Focusing on the U.S. and Europe, sovereign yield curves in both regions have steepened since late 2024, with…
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SPIVA Mid-Year 2025 Results Around the World
For more than 20 years, S&P DJI’s SPIVA® (S&P Indices Versus Active) Scorecards have been evaluating active funds’ performance against their appropriate benchmarks on a biannual basis. The results of our regional SPIVA Scorecards continue to show that active outperformance is rare, especially over the long term.1 Spanning across 11 regions, 54% of all equity…
- Categories Equities
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Why Does Index Liquidity Matter?
Explore how the equity and fixed income trading ecosystems are evolving in response to the continued growth of asset–tracking indices and what it could mean for investors with S&P DJI’s Tim Edwards and Anu Ganti.
- Categories Equities, Fixed Income
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Skewing Success
The results from our SPIVA® U.S. Mid-Year 2025 Scorecard demonstrate a relatively better start to the year for active managers, with 54% of U.S. large-cap funds underperforming the S&P 500®, slightly better than the 65% reported in 2024. However, Exhibit 1 shows that over the more than 24-year history of our SPIVA U.S. Scorecard, majority…
- Categories Equities, S&P 500 & DJIA
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What is SPIVA?
For over two decades, S&P Dow Jones Indices has measured the performance of actively managed funds against their index benchmarks across the world through the SPIVA Scorecards. Take a closer look at the fundamental principles that guide our SPIVA research and discover the insights these scorecards offer across asset classes, regions and market segments.
- Categories Equities, Fixed Income
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Advisor Profile: The Rise of the Index-Based Product Power User
Growing demand for index-based strategies has been driven by financial advisors seeking low-cost solutions as they reallocate their time from investment management to financial planning. While index adoption is gaining momentum across advisor types, a distinct segment is setting the pace for deeper engagement, in-depth evaluation and sophisticated implementation of passive solutions: the index-based product…
- Categories Equities
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Growing Models Usage Calls for Enhanced Data Intelligence and Delivery
The growing adoption of model portfolios among wealth managers has spurred asset managers, home offices and other model providers to expand their offerings. Accessing quality data on underlying indices is essential to model development—and in some cases can be a barrier to product innovation. A recent whitepaper by Cerulli Associates1 examines the challenges asset managers…
- Categories Equities
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SPIVA Insights: Key Findings in the Middle East
How do active managers stack up to passive benchmarks in the Middle East? S&P DJI’s Tim Edwards joins GCMA’s Michael Grifferty for a closer look at the latest SPIVA MENA results and explores what’s driving the growth of passive in the region.
- Categories Equities, Fixed Income
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- Equities, Fixed Income
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