JMF Capstone Wealth ManagementNo Big Edge For More-Active Funds – JMF Capstone Wealth Management https://www.jmfcapstone.com An Alabama registered investment advisor Fri, 21 Nov 2025 19:30:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 No Big Edge For More-Active Funds https://www.jmfcapstone.com/2016/05/09/no-big-edge-for-more-active-funds/ https://www.jmfcapstone.com/2016/05/09/no-big-edge-for-more-active-funds/#respond Mon, 09 May 2016 09:00:54 +0000 http://evolvemypractice.com/?p=2776 The prevailing wisdom is that the market for equities in emerging markets is less efficient than in developed markets. Unfortunately, the evidence doesn’t support this hypothesis. For instance, the S&P Indices Versus Active (SPIVA) scorecard showed that over the 10-year period ending June 2015, 92% of actively managed emerging market funds underperformed their benchmark, the...

The post No Big Edge For More-Active Funds appeared first on JMF Capstone Wealth Management.

]]> The prevailing wisdom is that the market for equities in emerging markets is less efficient than in developed markets. Unfortunately, the evidence doesn’t support this hypothesis. For instance, the S&P Indices Versus Active (SPIVA) scorecard showed that over the 10-year period ending June 2015, 92% of actively managed emerging market funds underperformed their benchmark, the S&P/IFCI Composite Index.

On an equal-weighted basis, the full universe of actively managed funds returned 7.2% over that period and underperformed the benchmark by 1.9 percentage points. On an asset-weighted basis, the underperformance was 1.2 percentage points.

Read the rest of the article on ETF.com.

The post No Big Edge For More-Active Funds appeared first on JMF Capstone Wealth Management.

]]> https://www.jmfcapstone.com/2016/05/09/no-big-edge-for-more-active-funds/feed/ 0