Financial Planning

SPIVA® South Africa Scorecard Mid-Year 2019 results

By: S&P Dow Jones Indices

S&P Dow Jones Indices (S&P DJI) has released the SPIVA® South Africa Scorecard Mid-Year 2019 results. This semiannual report tracks the performance of South African domiciled actively managed funds against their relevant S&P DJI benchmarks over a one-year period ending June 30, 2019. 

The SPIVA® South Africa Scorecard Mid-Year 2019 highlights include: 

Equity 

  • Over 62% of actively managed South African equity funds and 89% of global equity funds failed to beat the S&P South Africa DSW Capped Index and S&P Global 1200 Index respectively;  
  • During the three- and five- year period, the percentage of actively managed South African equity funds underperforming the S&P South Africa DSW Capped Index was 53% and 74% respectively;  
  • For the actively managed global equity funds, over the three- and five- year periods the number of actively managed global equity funds underperforming the S&P Global 1200 increased to 90% and 97% respectively. 

Bonds  

  • 82% of actively managed Diversified/Aggregate Bond funds underperformed the S&P South Africa Sovereign Bond 1+ Year Index. Over three- and five- years, this number is 74% and 70% respectively; 
  • Conversely, 94% of actively Short-Term Bond funds beat the STeFI Composite Index over the one-year period. 

Download and view the Semiannual report HERE




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