Globe editors have posted this research report with permission of S&P Dow Jones Indices. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
Over the past 12 months ended June 30, both the S&P/TSX composite and the S&P/TSX 60 registered modest gains of 7.9 per cent and 8.16 per cent respectively. During the same period, the returns of most Canadian active managers were higher than the benchmark, as 72.73 per cent of Canadian equity funds outperformed the S&P/TSX composite index.
The majority of the active managers in the international equity category saw their returns lagged behind the benchmarks as only 27.27 per cent of international equity managers beat their benchmarks over the past 12 months ended June 30. Similarly, during the same period, only 13.19 per cent of global equity managers had higher returns than their benchmark.
Read the full report here.
Read other research reports here.