Exchange traded products listed in the United States, including exchange traded funds, added just $2.4 billion in new assets last month, according to ETF research firm ETGI.
Still, net U.S. ETF inflows through the first eight months of the year were $127.5 billion and the U.S. ETF industry is now home to $2.03 trillion in combined assets under management, underscoring not only the industry's rapid growth, but investors' growing preference for passively managed products.
It is something to think about the next time a pundit says “It's a stock picker's market,” advice that endorses active investing, but the reality is 2015 is shaping up to be another year of mediocre performance for active managers. Data from S&P Dow Jones Indices' newly released U.S. S&P Indices Versus Active Funds (SPIVA®) Scorecard confirm as much.
For the 12 months ended July 31, nearly two-thirds of active large-cap managers failed to beat their benchmark, according to S&P Dow Jones Indices. The good news, sort of, for active managers and the investors that stick with this methodology is that the 65.3 percent failure rate of large-cap managers for the year ended July 31 is better than five- and 10-year laggard rates ...
/www.benzinga.com/news/15/09/5829832/active-management-mediocrity-continues alt=Active Management Mediocrity Continues>Full story available on Benzinga.com
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