S&P Indices vs. Active Funds
Source: Standard & Poor’s Indices Versus Active Funds Scorecard, August 20, 2009. Index used for comparison: US Large Cap – S&P 500 Index; US Mid Cap – S&P MidCap 400 Index; US Small Cap – S&P SmallCap 600 Index; Global Funds – S&P Global 1200 Index; International – S&P 700 Index; International Small -S&P Developed ex. US SmallCap Index; Emerging Markets – S&P IFCI Composite. Data for the SPIVA study is from the CRSP Survivor-Bias-Free US Mutual Fund Database.
Source: Standard & Poor’s Indices Versus Active Funds Scorecard, August 20, 2009. Index used for comparison: Government Long – Barclays Capital US Long Government Index; Government Intermediate – Barclays Capital US Intermediate Government Index; Government Short – Barclays Capital US 1-3 Year Goverment Index; Investment Grade Long – Barclays Capital US Long Government/Credit; Investment Grade Intermediate – Barclays Capital US Intermediate Government/Credit; Investment Grade Short – Barclays Capital US 1-3 Year Government/Credit; National Muni – S&P National Municipal Bond Index; CA Muni – S&P California Municipal Bond Index. Data for the SPIVA study is from the CRSP Survivor-Bias-Free US Mutual Fund Database. Barclays Capital data, formerly Lehman Brothers, provided by Barclays Bank PLC.