This report examines the impact of fees on the performance of mutual funds and institutional managed accounts across equity and fixed income categories, using gross- and net-of-fees returns.
It is commonly asserted that REITs are destined to underperform when interest rates rise. However, an examination of the historical record suggests that this is a misconception.
Our findings show that within domestic equity, the majority of managers in nearly every category underperformed their respective benchmarks over the five-year horizon, for both retail funds and institutional accounts.
In this paper, the Index Research & Design team at S&P Dow Jones Indices explores the potential role of multi-asset solutions in the indexing landscape.
Anyone who’s ever read a prospectus knows that “past performance is no guarantee of future results.” The sentence has almost assumed the status of a cliché, but one of the less-appreciated properties of clichés is that they’re true.
The U.S. residential real estate market was headline news throughout 2011. The year was particularly notable for the way it ended. After signs of potential recovery in the spring, average home prices moved back to record lows during the latter half of 2011, as reflected by all three S&P/Case-Shiller Home Price Composites hitting new lows in December.