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After dropping 9.9% in the first six months of the year, the S&P/ASX 200 rose 9.8% in H2 2022 to close the year down 1%.The 15 largest absolute contributors to the index's performance all had positive returns.
Did active managers find opportunities to outperform in this market environment? The SPIVA Australia Scorecard reports on the performance of Australian active funds against their respective benchmark indices over different time periods. In this scorecard, we evaluate the returns of Australian large-cap equity funds, Australian mid-small cap equity funds, international equity funds, Australian bond funds, and Australian A-REIT funds.
Year-End 2022 Highlights
After a promising start in relative terms, actively managed Australian Equity General funds found it harder to stay ahead of the market in the second half of the year, resulting in a full-year underperformance rate of 58% compared with the S&P/ASX 200. Meanwhile, there were better odds of finding an outperforming active manager in the A-REIT category, while, after several years of generally better performance, roughly three-quarters of funds in the mid- and small-cap equity category lagged in 2022.
Learn more and download the full SPIVA® Australia Year-End 2022 Report here.
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