Join educated investors who get actionable, evidence-based wealth management insights delivered directly to their inbox.
Subscribe

Taxes Can Be A Real Drag

As the annual S&P Active Versus Passive (SPIVA) scorecard demonstrated, 2015 was another painful year for U.S. actively managed funds. It found that 66.1% of large-cap managers, 56.8% of midcap managers, 72.2% of small-cap managers and 61.9% of real estate investment trust managers underperformed the S&P 500, the S&P MidCap 400, the S&P SmallCap 600 and the S&P U.S. Real Estate Investment Trust index, respectively.

Last year, the average U.S. actively managed mutual fund returned -0.41%, 0.89 percentage points below the 0.48% return earned by the Russell 3000 Index. Unfortunately for taxable investors, through the tax impact of Form 1099 distributions, actively managed funds only added insult to injury.

Read the rest of the article on ETF.com.


Our Offices
©2018 Arnett Carbis Toothman Wealth Advisors LLC