|
YTD Index beating managed 8/9
11-29-2006, 12:06 PM
|
#1
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
|
YTD Index beating managed 8/9
Quote:
With a little more than a month to go in 2006, funds that track an underlying index were ahead of actively managed funds in eight of the nine investing-style categories that investment researcher Morningstar Inc. (MORN : morningstar inc com
That's comparing each so-called style box, such as large-cap growth and small-cap value, to a respective benchmark index. Only mid-cap blend managers were ahead this year through Monday, with an average return of 11.7% vs. a gain of 8.9% for the Standard & Poor's MidCap 400 Index.
|
http://tinyurl.com/yjt9eg
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
Re: YTD Index beating managed 8/9
11-29-2006, 12:23 PM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
|
Re: YTD Index beating managed 8/9
"Mid-cap funds in general is an area where active managers differ a great deal more than the indices," said Milton Ezrati, market strategist at Lord Abbett... We think the market will continue to trend up, so that (outperformance) by mid-cap managers should continue," Ezrati said."
"Only mid-cap blend managers were ahead this year...". So for your mid-cap blend asset allocation category, make sure to pick an actively managed fund, because clearly active management is a winner in the mid-cap blend part of the market. :
|
|
|
Re: YTD Index beating managed 8/9
11-29-2006, 12:44 PM
|
#3
|
Recycles dryer sheets
Join Date: May 2006
Posts: 230
|
Re: YTD Index beating managed 8/9
Right on, justin. I'm surprised Vanguard hasn't come out with an actively managed mid-cap fund that would fit tailor-made with that "Total Stock Market Index Minus Mid-cap Market" index fund.
"Sure our team's 1-8, but man, did you see that win?"
|
|
|
Re: YTD Index beating managed 8/9
11-29-2006, 01:04 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,005
|
Re: YTD Index beating managed 8/9
Quote:
Originally Posted by terminator
"Sure our team's 1-8, but man, did you see that win?"
|
Well, er, ahh... you see... the er, ahh mid-cap blend sector is very specialized in terms of er, ahh... quantitative numericals and allows sophisticated active managers to exploit market inefficiencies in such a manner as to create positive alpha. We can see this time and again in certain areas of the market throughout history. Active management can always win in a niche area of the market during periods of proper market timing. :
|
|
|
Re: YTD Index beating managed 8/9
11-29-2006, 02:47 PM
|
#5
|
Recycles dryer sheets
Join Date: May 2006
Posts: 230
|
Re: YTD Index beating managed 8/9
I wonder why they withhold from applying those advanced mid-cap methodologies and techniques from the rest of the stock market? :
BTW, I forsee a new career for you writing their marketing materials. It sounds good and deep within the writing I see honest disclosures: "Active management can always win . . . ." :P
|
|
|
Re: YTD Index beating managed 8/9
11-29-2006, 09:08 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,896
|
Re: YTD Index beating managed 8/9
Quote:
Originally Posted by justin
"Only mid-cap blend managers were ahead this year...". So for your mid-cap blend asset allocation category, make sure to pick an actively managed fund, because clearly active management is a winner in the mid-cap blend part of the market. :
|
Of course, next year this time, maybe the small or large cap sector will be the lone winner in actively managed funds. Then they will tell us to move to active managed funds in that sector....
Quote:
Originally Posted by terminator
"Sure our team's 1-8, but man, did you see that win?"
|
And even that 'win' is trailing the S&P 500 index....
-ERD50
|
|
|
Re: YTD Index beating managed 8/9
11-30-2006, 04:23 AM
|
#7
|
Recycles dryer sheets
Join Date: Mar 2006
Posts: 206
|
Re: YTD Index beating managed 8/9
Yea! But in a down market....
(At least until there is a down market)
__________________
I'm trying to find myself.* Have you seen me anywhere today?
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|