Performance of Index vs Active Portfolios (15 years ending 30Jun99)

Here is a 15-year performance comparison between portfolios comprised of the median (half did better, half did worse) actively managed funds versus similarly weighted portfolios of index products (minus an "MER" of 0.90%)

The data came from the Financial Post's 15-year mutual fund review for the period ending 30Jun99.

15-year Performance of Indexed vs. Managed Portfolios (30Jun99)
Asset Class	Indexed 15-yr CAR(1)	Median Managed 15-yr CAR	Difference (Managed - Indexed)
TSE 100 TR - Canadian Equity	10.4	10.3	-0.1
SCM Bond Universe - Can Bonds	11.3	10.5	-0.8
S&P 500 - US Equity	15.7	14.9	-0.8
MSCI EAFE - Global Equity	12.9	11.4	-1.5
increasing Canadian Equity
20/40/20/20 (2)	12.3	11.5	-0.8
30/40/15/15	11.9	11.2	-0.7
40/40/10/10 (3)	11.5	11.0	-0.6
increasing US Equity
20/40/20/20	12.3	11.5	-0.8
15/40/30/15	12.7	11.9	-0.8
10/40/40/10	13.1	12.3	-0.8
increasing Global Equity
20/40/20/20	12.3	11.5	-0.8
15/40/15/30	12.3	11.4	-0.9
10/40/10/40	12.3	11.3	-1.0
(1) CAR means Compounded Annual Return; Indexed CAR is net of 0.90% MER
(2) 20/40/20/20 means 20% Can eq, 40% Can bond, 20% US eq, 20% global eq
(3) typical Canadian RRSP-eligible balanced fund (median 15-yr CAR ~10.0%)

Previous Comparison Tables:

15 years ending 31Dec98 and  In Defense of Index Funds