SA active fund managers world’s second-worst performers — S&P

JOHANNESBURG — If you invest in actively managed funds, this interview with Zack Bezuidenhout of S&P Dow Jones Indices is sure to make you sit up and take notice. According to the latest SPIVA South Africa Scorecard Mid-Year 2018 report, over a one-year period, 51% of actively managed South African equity funds and 82% global equity funds failed to beat the S&P South Africa DSW Capped Index and S&P Global 1200 Index respectively. Meanwhile, during a three- and five- year period, the percentage of actively managed South African equity funds underperforming the S&P South Africa DSW Capped Index increased to 60% and 76% respectively. But there's more as Bezuidenhout explains…take a listen. Gareth van Zyl

Zack Bezuidenhout – who is the head of client coverage Sub-Saharan Africa for S&P Dow Jones Indices SA – joins me on the podcast now from Johannesburg. Zack, so S&P has released its South African mid-year scorecard and there are some interesting findings in here that will rattle a lot of actively managed funds out there. One of the key highlights is that over a one-year period, 51% of actively managed South African equity funds failed to beat the S&P SA DSW capped index. Can you tell us more about how and why this scorecard is put together and what its findings have been?

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