For the third year in a row, Africa Global Funds Service Provider Awards has recognized the S&P Dow Jones Indices as the Best Index Provider.
The S&P Dow Jones Indices is the world’s largest global resource for essential index-based concepts, data and research – and home to iconic financial market indicators including the S&P 500 and the Dow Jones Industrial Average.
It has also been the de facto scorekeeper of the ongoing active versus passive debate since the first publication of the S&P Indices Versus Active US Scorecard in 2002. The most recent edition of this scorecard was published this week and tracks the performance of South African domiciled actively managed funds against their relevant S&P DJI benchmarks in the one-year period ending June 2018.
One of the main findings is that over a one-year period, 51% of actively managed South African equity funds and 82% global equity funds failed to beat the S&P South Africa DSW Capped Index and S&P Global 1200 Index respectively.
Likewise, for the actively managed global equity funds, over a three and five-year period, the number of actively managed global equity funds underperforming the S&P Global 1200 increased to 87% and 96% respectively.