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The latest Australian edition, the SPIVA Australia Mid-Year 2023 Scorecard, provides a number of interesting insights about the performance of active versus passive across active fund categories.
The turnaround in Australian large-cap equities from the latter half of 2022 continued in the first half of 2023, with the S&P/ASX 200 up 4.5%. Materials and Industrials were the top sectoral contributors.
Mid-Year 2023 Highlights
A slim majority (55%) of Australian Equity General funds underperformed the S&P/ASX 200 in the first half of 2023. A higher percentage of funds underperformed their respective benchmarks in the International Equity General and Australian Equity A-REIT categories. Funds in the Australian Equity Mid- and Small-Cap and Australian Bonds categories had a better record: 48% and 45% underperformed their benchmarks, respectively.
To find out more information and download S&P Dow Jones Indices Mid-Year SPIVA Australia 2023 report please visit their webpage here.
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