Enclosed link to a great media write-up titled Two Great Investment Strategies which was done a couple of years back by Dr Ajay Shah.
He gives a superb explanation of survivorship bias in fund evaluation.
Except for the CRISIL SPIVA Scorecard, I don’t recollect seeing any comparisons of active and passive in India which make adjustments for this important factor.
As a result outperforming active funds (from a given sample) appear much better than they actually are!
In principle, correction for survivorship bias is valid for all managed portfolios present in the market.
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