09年第三季,仅有1/3的主动管理的加拿大互惠基金表现超过指数;而过去5年,只有5.9%的股票类基金表现超过指数。
简单地说,也就是,基金经理的水平也很参差,很多基金的管理费并不值。
Only a third of actively managed Canadian funds beat indexesin third quarter
Read more: http://www.financialpost.com/personal-finance/fp-investing/story.html?id=2175062#ixzz0VoZ13otw
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Actively managed Canadian mutual funds had a hard time keeping pacewith their benchmark indices in the most recent quarter as only about athird of domestic equity funds outperformed the S&P/TSX Composite,a new report from Standard & Poor's shows. Between July andSeptember, 36% of Canadian equity active funds and 31.8% of activefunds in the Canadian small-to mid-cap equity category actually beatthe benchmark index on the Toronto Stock Exchange. As well, some 70% ofCanadafocused funds (with some foreign exposure) that bested the indexin the previous quarter slumped to underperformance in the thirdquarter. Looking south of the border, while 61% of U.S. equity fundsoutpaced the S&P 500 in the second quarter, only 40.3% managed torepeat the feat in the third. In the past five years only 5.9% ofactive Canadian equity funds have outperformed the index, while 8.3% offunds in the international equity category and 12.3% in the U.S. equitycategory have been able to beat their benchmarks.
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