A slight majority of Canadian small and mid-cap money managers earned their keep in 2009. Their large-cap peers weren't so successful, however.
52% of active funds in the Canadian small/mid cap equity category outperformed the S&P/TSX smallcap index last year, according to the latest data from Standard & Poors.
By comparison, only 39.2% of Canadian equity active funds beat the S&P/TSX Composite Index in 2009.
Almost 52% of International Equity funds outperformed the S&P EPAC LargeMidCap Index, and only 39.7% of U.S. Equity funds beat the S&P 500 in 2009.
Now that markets have turned sideways after last year's impressive rally off the bottom, many strategists predict actively-managed portfolios will outpace passive ones in 2010.