In fact, between 2008 and 2012, only 9.84 % of Canadian
equity fund managers beat the S&P / TSX Composite Index.
Not exact matches
Say, for example, a Canadian
equity fund beats the S&P / TSX Composite Index over some period, and the
manager takes credit for her superior stock - picking skills.
Equity fund managers were unsuccessful in
beating the benchmark in 2015, with close to 61 % underperforming.
If the broad US
equity markets fell 25 % over a 12 month period and my portfolio fell by 20 %, would I act like a typical mutual
fund manager and point out that I
beat the market by 5 % or would I be upset that my portfolio value fell by 20 %?
Funny how it didn't occur to the 96.7 % of Canadian
equity fund managers who failed to
beat the market benchmark over the last five years.