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15-year Performance of Indexed vs. Managed Portfolios (31Dec98) |
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Asset Class |
Indexed 15-yr CAR(1) |
Median Managed 15-yr CAR |
Difference (Managed - Indexed) |
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TSE 100 TR - Canadian Equity |
8.9 |
9.1 |
0.2 |
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SCM Bond Universe - Can Bonds |
11.0 |
10.4 |
-0.6 |
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S&P 500 - US Equity |
15.0 |
13.6 |
-1.4 |
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MSCI EAFE - Global Equity |
13.5 |
10.7 |
-2.8 |
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increasing Canadian Equity |
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20/40/20/20 (2) |
11.9 |
10.8 |
-1.0 |
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30/40/15/15 |
11.3 |
10.5 |
-0.8 |
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40/40/10/10 (3) |
10.8 |
10.2 |
-0.6 |
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increasing US Equity |
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20/40/20/20 |
11.9 |
10.8 |
-1.0 |
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15/40/30/15 |
12.3 |
11.2 |
-1.0 |
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10/40/40/10 |
12.6 |
11.6 |
-1.1 |
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increasing Global Equity |
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20/40/20/20 |
11.9 |
10.8 |
-1.0 |
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15/40/15/30 |
12.0 |
10.8 |
-1.3 |
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10/40/10/40 |
12.2 |
10.7 |
-1.5 |
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(1) CAR means Compounded Annual Return; Indexed CAR is net of 0.90% MER |
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(2) 20/40/20/20 means 20% Can eq, 40% Can bond, 20% US eq, 20% global eq |
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(3) typical Canadian RRSP-eligible balanced fund (median 15-yr CAR ~9.2%) |