SPIVA at 15: What have we learned?

Posted by Robin Powell on June 1, 2017


SPIVA, the S&P Index Versus Active scorecard, is 15 years old and, to mark the occasion, I was invited by S&P Dow Jones to discuss the lessons we’ve learned in that time with Craig Lazzara, S&P’s Global Head of Index Investment Strategy.

Other questions we looked at were these:

— Although most fund managers underarm most of the time, what circumstances are most conducive to outperformance?

— Is index investing “settling for average”? (No, it’s not!) and

— How do financial advisers really add value when it’s almost impossible to pick winning funds ex ante with any degree of consistency?

Dr Tim Edwards, S&P’s Senior Director of Index Investment Strategy, asked the questions.


Related posts:

SPIVA: What it tells us — an interview with Craig Lazzara (Part 1)

Poor fund performance is a global problem — an interview with Craig Lazzara (Part 2)

The TEBI Podcast: SPIVA Special with Craig Lazzara and Tim Edwards


ROBIN POWELL is a freelance journalist and the founding editor of The Evidence-Based Investor. Based in Birmingham, England, he founded Ember Television and Regis Media, and he specialties in helping disruptive financial firms to grow. He also campaigns for a fair, transparent and sustainable investing industry. You can follow him on Twitter at @RobinJPowell.


Robin Powell

Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.


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