Volatility Did Not Help Active Managers’ Persistence Scores

While many investors appear to believe that winners persist over time, the most recent S&P Persistence Scorecard underscores the well-known disclaimer that “past performance is no guarantee of future results”: irrespective of asset class or style focus, few fund managers consistently outperformed their peers.

Some market participants believe that active managers with successful track records should have the skills to benefit from different market environments. However, volatility in the one-year period ending September 2019 did not help their persistence scores.

Read the full blog post now at the link beneath Related Files/Links