The results of the Australia mid-year 2015 S&P Dow Jones Indices Versus Active Funds (SPIVA®) Scorecard has been released today. The report, issued semi-annually, tracks the performance of actively managed funds in Australia against their relevant S&P DJI benchmarks. Attached please find the full report.
Data as of Jun. 30, 2015 reveals:
- Although large-cap equity funds performed better than 6 months before, more than half of them (52.60%) still failed to beat the S&P/ASX 200 Index in a 1-year period;
- For mid/small-cap funds, the performance was worse. 55.21% lagged the S&P/ASX Mid-Small Index in a 1-year period;
- Not a single Australian bond fund outperformed their benchmark in the past one year.
Australian General Equity Funds:
- 52.60% underperformed the S&P/ASX 200 Index in 1-year period (compared with 61.44% as of Dec. 31, 2014)
- 54.61% underperformed the benchmark in 3-year period
- 70.96% underperformed the benchmark in 5-year period
Australian Equity Mid– and Small-Cap Funds:
- 55.21% underperformed S&P/ASX Mid-Small Index in 1-year period
- 35.11% underperformed the benchmark in 3-year period
- 29.17% underperformed the benchmark in 5-year period
International Equity General:
- 67.31% underperformed the S&P Developed Ex-Australia LargeMidCap Index in 1-year period (compared with 80.58% as of Dec. 31, 2014)
- 85.15% underperformed the benchmark in 3-year period
- 89.55% underperformed the benchmark in 5-year period
Australian Bonds:
- 100.00% underperformed S&P/ASX Australian Fixed Interest Index in 1-year period (compared with 94.12% as of Dec. 31, 2014)
- 82.35% underperformed the benchmark in 3-year period
- 86.27% underperformed the benchmark in 5-year period
Australian Equity A-REIT:
- 92.75% underperformed The S&P/ASX 200 A-REIT in 1-year period
- 88.16% underperformed the benchmark in 3-year period
- 81.01% underperformed the benchmark in 5-year period
Source: S&P Dow Jones Indicies
