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From: | "P Maiden" <pmaiden@xtra.co.nz> |
Date: | Sat, 28 Oct 2000 10:24:40 +1300 |
Notwithstanding what we think about fund
managers we could compare our own investing performance against
theirs.
No doubt the main reason we bypass funds
is because we believe we can do better - and because their benchmark and
perfromance is tied to an index or two. By default comparing performance
to a basket of winners and losers!
Today's Sydney Morning Herald had some
insight as to recent fund manager performance =
Summary -
........Over the 10 years to August 31, the average fund manager added 3.2 per cent a year on top of the index return (in this case, the S&P/ASX200 Accumulation index) in falling markets ....... ........and just 0.8 per cent in rising ones. ........the average manager outperformed the market in 61 per cent of months where the market fell..... ....... compared with 54 per cent of months where the market was rising.
Quite a good article - have a read over the weekend What's your own performance compared to this performance? Mine's better Peter.
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