Risk & Reward

Research and investment strategies - 3T 2015

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Une étude produite par

In this paper, we will present the results of our research into truly active management. Our results show that over the last five market cycles, more than 60 % of high active share US fund assets outperformed their benchmarks, after fees, for a variety of measures - excess returns, dowside capture and risk-adjusted returns.

Questions routinely arise about the value of active investing : Can active managers beat their benchmarks ? Should investors abandon active strtegies ? Invesco conducted an extensive study of 2918 equity mutual funds in the US over the past 20 years - covering five dustrict market cycles - to investigate the true value of active management. Our study focused on active share, which measures the difference between a fund's holdings and the holdings of its bechmark index.

Source : Invesco Real Estate

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Mots-clés : Invesco Real Estate