Almost three quarters of active funds in SA funds failed to beat their benchmark index in the first half of 2020, calling into question claims that volatility makes it easier for investors who pick and choose assets to outperform.
A survey by S&P Dow Jones Indices, which has been keeping a score of the active vs passive debate since 2002, found that 73% of SA equity funds lagged behind its index of 50 largest SA companies, and more than a third put up a weaker performance than its broader benchmark.
These conditions clearly expose the weakness and laziness of big institutional traders who really have no idea how to trade and yet are entrusted with billions?