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...The S&P BSE small-cap index is down 4.9 per cent month to date....
...And yet: The Russell 2000 small-caps index has now lagged behind the S&P 500 large-capitalisation index since its inception at the end of 1978, overturning a century of return data across multiple countries...
...Aided by the powerful showing of the megacap stocks, the S&P 500 chalked up a gain of 24.2 per cent last year, outshining the 14.4 per cent return of the mid-cap S&P 400 index and the 15.1 per cent of the...
...By this measure, model portfolio assets rose 48 per cent from $286bn to $424bn in the two years to June 2023, a period during which the S&P 500 was broadly flat....
...He pointed to the latest updates to long-running research by S&P Dow Jones Indices which shows that over 15 years more than 90 per cent of actively managed large-cap funds underperformed the S&P 500, and...
...The $483bn SPDR S&P 500 ETF Trust (SPY) had inflows equivalent to 14.9 per cent of its starting assets, the $397bn iShares Core S&P 500 ETF (IVV) 13.2 per cent and the $367bn Vanguard S&P 500 ETF (VOO) 16.4...
...Likewise if we want to make a relative call, say against a S&P 500 fund....
...Here’s the evidence: only 23 per cent of large-cap core funds outperformed their benchmark last year....
...“When iShares competes directly with Vanguard on cost, like S&P 500 or total stock market ETFs, investors still reach for Vanguard’s ETF because those cheap, broad-market index funds are what [Vanguard is...
...The KBW Nasdaq Fintech index is up 31 per cent over the past year, compared with a return of 25 per cent for the broader S&P 500....
...DRSK invests 90-95 per cent of its assets in investment-grade corporate bonds, with the balance used to buy call options on large-cap stocks and sectors in the S&P 500....
...BlackRock’s giant $61.9bn iShares Core S&P 500 Ucits ETF, Vanguard’s $38.6bn S&P 500 Ucits ETF and Amundi’s $8.2bn Lyxor S&P 500 ETF each charge 0.07 per cent....
...For example, the MSCI world large cap index has outperformed the MSCI world mid-cap index by almost five percentage points a year over the past five years....
...ETF (VOO), iShares Core S&P 500 ETF (IVV) and Vanguard Total Bond Market ETF (BND), which each have total expense ratios of just 3 basis points....
...Georgina Brittain, manager of the JPMorgan UK Small Cap Growth & Income trust, notes that in the past, mid-caps have traded at a premium to the FTSE 100 as they are considered more nimble and faster growing...
...It is a market cap-weighted fund with 122 large and mid-cap constituents. A $2.3bn Ucits version is also available in 16 European countries....
...Morningstar said the fund’s flows suggested equity investors were migrating to mid-caps in the belief that the first-half bloom for large-caps is fading....
...S&P 500 hit an all-time high on Friday but, as my colleagues Nicholas Megaw and Kate Duguid have pointed out, stocks limped to the summit....
...In simple terms, these funds invest in the stocks of a mainstream index such as the S&P 500 and then deliver an additional steady call option “premium” income....
...Problems are even greater in the mid and small cap market, which are a truer reflection of UK plc....
...FactSet, for example, estimates that when all the fourth-quarter results for S&P 500 companies are in, earnings for the index will be up about 3 per cent from the year before, and full year 2023 earnings...
...When BlackRock in February moved to undercut the BetaShares Australia 200 ETF by slashing the annual management fee for its A$4.4bn BlackRock iShares Core S&P/ASX 200 ETF from 0.09 per cent to 0.05 per cent...
...That’s one of the reasons 52 per cent of mid-cap managers have outperformed their benchmarks in 2023, and a thumping 72 per cent of small-cap specialists....
...The current top 15 to 20 gainers over the past 12 months in a wider benchmark of larger and smaller companies, the S&P BSE 500 index, “have historically delivered, in the past 10 years, returns which have...
...That said, the most popular fund, the iShares Core € Corporate Bond Ucits ETF (IEBC), had a more modest trailing yield of 1.6 per cent....
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