Tag Archives: SPIVA Europe
Unpacking SPIVA Europe: Did Volatility Provide Opportunity?
How did active managers respond to record volatility and soaring spreads in 2020 as the pandemic brought Europe to a halt? Tim Edwards and Andrew Innes of S&P DJI join Rebecca Chesworth of State Street Global Advisors and Pio Benetti of Kairos Partners SGR to explore the latest results from SPIVA Europe and the active…
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Risk-Adjusted SPIVA®: No More Excuses?
For the first time, the SPIVA Europe Mid-Year 2020 Scorecard introduced risk-adjusted performance evaluations of European equity funds. Previously, proponents of active fund management may have criticized the SPIVA scorecard for measuring performance on a return-only basis. They may have argued that this only told one side of the story, and that their abilities should…
No Immunity for Active Managers
Despite the early warning signs of a global pandemic and its devastating potential to obliterate economic growth, it appears that fund managers in Europe generally failed to position themselves appropriately for the storm that was to come. Taking a sneak peek into our upcoming SPIVA® Europe Scorecard, we can see the majority of Europe Equity…
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Visualizing the SPIVA® Europe Scorecard
The S&P Indices Versus Active (SPIVA) Europe Year-End 2017 Scorecard is composed of a rich dataset of active fund performance figures and insights for those wishing to participate in the active versus passive debate. The coverage and detail in the report may be extensive, but the conclusions needn’t be complex. By visualizing the data as…
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Active Management Underperformance in 2016 Generally Higher Than in Previous Years
European equity markets, as measured by the S&P Europe 350, went up 3.44% in 2016, yet the average performance of active managers invested in Europe was negative, whether measured on an asset-weighted or equal-weighted basis. Over the one-year period, more than 80% of active managers invested in European equities underperformed their respective S&P DJI benchmark….
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Long-Term Underperformance of European Active Management continues to play out in the active versus passive debate.
Every six months, S&P Dow Jones Indices publishes the S&P Indices Versus Active (SPIVA®) Europe Scorecard, which seeks to compare the performance of actively managed equity funds across different categories, and in the SPIVA Europe Year-End 2015 Scorecard, we expanded it to cover more individual countries and regions. Among the new additions are Italy, the…
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Active vs Passive: European active funds generally underperformed their benchmarks but…
Euro-Denominated Equity Funds Overall, European equity markets have continued their upward trend over the past year, despite geopolitical concerns in Ukraine and uncertainty over the ECB’s willingness to support struggling economies. It is generally believed that active management may be able to add value to investment portfolios in highly turbulent markets such as this one….
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Contributing to the Active vs. Passive Debate: The Grand Launch of the SPIVA® Europe Scorecard
Following the success of the SPIVA publications in the U.S. and elsewhere, we have decided to launch a similar publication for Europe to shed some light on the ongoing active vs. passive debate. Similar to the publications in other regions, SPIVA Europe will be published twice a year; mid-year and at the end of the…
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