Fund Managers Lag S&P 500 As 60% Underperform In First Half Of 2023: Here's Why
Portfolio Pulse from Piero Cingari
According to the latest SPIVA U.S. Scorecard, 60% of active large-cap U.S. equity managers underperformed the S&P 500 in the first half of 2023. This is a significant increase from 2022, when only 49% underperformed. The report also highlights that only 28% of the stocks in the S&P 500 outperformed the index during the first half of 2023. The Invesco S&P 500 Equal Weight ETF (RSP) and the SPDR S&P 500 ETF Trust (SPY) are mentioned in the context of index performance.
September 22, 2023 | 7:46 pm
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NEGATIVE IMPACT
The Invesco S&P 500 Equal Weight ETF (RSP) was mentioned in the context of index performance, highlighting the struggle of median stocks to outperform.
The underperformance of median stocks, as represented by RSP, indicates a challenging environment for this ETF. This could potentially lead to a decrease in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) has shown a year-to-date gain of 13%, contrasting with the stagnant performance of the S&P 500 Equal Weight.
The SPY ETF has shown a strong performance with a 13% gain year-to-date, indicating a positive environment for this ETF. This could potentially lead to an increase in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70