White Papers Resources from industry thought leaders

The Case for Indexing Thematics with the S&P Kensho New Economies

September 08, 2023 | S&P Dow Jones Indices

Over the past two decades, 95% of all actively managed large-cap U.S. funds lagged the S&P 500®. As indexing has grown, many passive investors have benefited by saving on fees and avoiding active underperformance. Underperformance in the world’s largest equity market can be partly explained by factors such as the positive skewness of equity markets, the professionalization of investment management and cost. However, the dynamics driving the relative performance of active funds in more specific markets, including thematic funds, are less well understood. In this paper, we show that similar principles apply to the thematics space, along with some unique challenges.

S&P Dow Jones Indices
55 Water Street
New York, NY, 10041

To download the White Paper, please provide the following information:

By filling out this form, you acknowledge that the data you have provided on this screen will be provided to the sponsor of this white paper S&P Dow Jones Indices, and S&P Dow Jones Indices may contact you in the future. You may opt-out of communications from the sponsor at any time.

For more information on submitting your thought leader White Paper contact: [email protected]