Timothy Edwards - Inside S&P DJ Indices
4/16/20261 hr 4 min
What if the decades-long debate between active and passive investing wasn't really a debate—but a data problem?
In this episode, Ben Felix and Cameron Passmore are joined by Tim Edwards, Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices, for a deep dive into the SPIVA Scorecard—the industry's most enduring and data-driven comparison of active versus passive investing.
Tim explains how SPIVA has evolved over 25 years, why survivorship bias matters more than most investors realize, and what the data consistently shows across markets: most active funds underperform thei...
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First 90 secondsBenjamin Felix· Host0:00
[upbeat music] This is the Rational Reminder Podcast, a weekly reality check on sensible investing and financial decision making from two Canadians. We're hosted by me, Benjamin Felix, Chief Investment Officer, and Cameron Passmore, Chief Executive Officer at PWL Capital.
Cameron Passmore· Host0:16
Welcome to episode 405. Incredible number, 405. And today's episode, Ben, is all about the SPIVA report, and so many listeners know exactly what we're talking about when we say the SPIVA report. But this report has been... It's kind of the iconic report that's been kicking around the industry for so long, especially for people interested in the benefits of indexing. And I can tell you, this is a report that I think back to, the report's what, 25 years old now? The SPIVA report was such an influential part of our thinking way back when we really embraced the benefits of indexing. So today, we got a chance to talk with Tim Edwards, who's the Managing Director of Index Investment Strategy at S&P Dow Jones Indices, about the SPIVA, which is Standard & Poor's Indexing versus Active scorecard. Really cool conversation about something that's been part of the discussion literally for 25 years.
Benjamin Felix· Host1:17
The first segment of the episode is about the SPIVA report, but then we get into some pretty interesting topics about whether indices, and therefore index funds, time the market. We basically ask about Marco Salmon's research.