Focusing on the fund benchmark & on fund performance over its life time
make a huge difference
We show below the impact of calculating the % of active funds outperforming with & without these focuses. At BSD Investing, we strongly believe that this should be taken into account to have a fair view and to take efficient allocation decision.
without
without the focus
7%
Sources: BSD Investing calculations, % of active funds outperforming passive over 10 years, Morningstar data from 31 Dec 2010 to 31 Dec 2020. For more information see BSD Investing approach.
“Finding the right benchmark is a key question to assess fund performance.”
Thierry Roncalli, head of quantitative research Amundi