“One of the key takeaways from the latest SPIVA data was the active managers can outperform in volatile markets, but it helps even more when the fees are relatively low compared to fund peers. Increasingly, asset managers have offered competitively priced active ETFs,” noted Todd Rosenbluth, head of research at VettaFi.
Read more: While mutual funds suffer losses, active ETFs continue to flourish
While SPIVA data for Canadian funds during the first half of 2022 is still to come, S&PDJI reported that two thirds (67%) of Canadian equity funds underperformed their benchmark over the trailing one-year period ended on December 31, 2021. Their performance was worse over a 10-year timeframe, with 81% lagging their benchmark.
U.S. equity-focused funds had the worst record among Canada-listed funds, with 91% underperforming their benchmark on a one-year basis and 93% lagging over a 10-year timeframe.
