” 93.22% of funds in the Canadian Equity category underperformed the S&P/TSX Composite in the one-year period ending June 30, 2018″.
Over a ten year period, 89% underperformed their comparative index.
The SPIVA Canada Scorecard reports on the performance of actively managed Canadian mutual funds versus that of their benchmarks.
“Over a one-year horizon, the majority of active managers once again failed to beat their respective benchmarks; six of the seven fund categories underperformed. Canadian Dividend & Income Equity funds yielded better results than the benchmark and offered the exception”.
Read the full report here:
SPIVA also published reports for the US and other major markets. You can find the US report here: