Over three quarters of all active managers of mutual funds are behind in their efforts to meet the standards. S&P 500The DowA new report has been published.

The S&P Indices versus Active (SPIVA) scorecard, which tracks the performance of actively managed funds against their respective category benchmarks, recently showed 79% of fund managers underperformed the S&P last year. The result is 86% higher than the average performance over the last 10 years.

S&P Global CEO Doug Peterson told CNBC’s “ETF EdgeThe quarterly report was based on confidential information.

Peterson last week stated that “only those with access to it can set their own performance standards and behaviors.”[The S&P Dow Jones Indices committee]They can either look at the whole economy, or at specific aspects of what they would like the index to do against.

Since 2002, SPIVA has been published annually by the company. The first edition was focused on the U.S., and then it expanded to other countries.

The latest report marks 12 consecutive years the average actively managed large-cap fund underperformed the S&P 500, noted Todd Rosenbluth, CFRA senior director of ETF and mutual fund research.

Rosenbluth stated that it was difficult to surpass, on ETF Edge. “It costs more for active managers when they’re trying to compete with the S&P 500 that is essentially free through the ETF wrapper.”

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