Indices outperformed actively managed funds in Canada in the first half of 2006, according to Standard & Poor’s. According to the S&P Indices Versus Actives Funds Scorecard for Canada, the S&P/Toronto Stock Exchange Composite Index did better than more than 81% of Canadian equity funds through June 30. In contrast, the Standard & Poor’s 500 Index outperformed more than 61% of U.S. equity funds during the same period. In the first half of the year, less than half of Canadian small-cap funds outperformed the S&P/TSX SmallCap Index, a reversal from several previous quarters. “Active managers are having a hard time in this year’s volatile markets,” S&P’s Jasmit Bhandal said in a statement.
