{"id":29907,"date":"2025-09-11T10:36:20","date_gmt":"2025-09-11T15:36:20","guid":{"rendered":"https:\/\/cbisonline.com\/us\/?p=29907"},"modified":"2026-04-14T15:48:59","modified_gmt":"2026-04-14T20:48:59","slug":"active-vs-passive-an-update","status":"publish","type":"post","link":"https:\/\/cbisonline.com\/us\/active-vs-passive-an-update\/","title":{"rendered":"Active vs. Passive: An Update"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/cbisonline.com\/us\/wp-content\/uploads\/sites\/2\/2021\/11\/Q4_2016_Active_Passive_March_28.pdf\">View the paper<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In June 2015, CBIS published \u201cThe Importance of Conviction\u201d, a white paper that reviewed the state of active equity management using data through yearend 2014. The analysis showed that successful long-term records for active managers typically include lengthy periods (often consecutive years) when returns are well below the benchmark and in the bottom quartile of peers. To achieve long-term outperformance, investors must remain patient and stay the course through these rough patches. A skilled investment strategy may require a complete market cycle, which can extend five years or longer, to show the desired results. In fact, the current half-cycle has endured by means of massive global central bank support for a near-record eight years, measured from the March 2009 low. Here we update and expand upon several themes developed in the Conviction paper.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/cbisonline.com\/us\/wp-content\/uploads\/sites\/2\/2021\/11\/Q4_2016_Active_Passive_March_28.pdf\">View the paper<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>View the paper In June 2015, CBIS published \u201cThe Importance of Conviction\u201d, a white paper that reviewed the state of active equity management using data through yearend 2014. The analysis showed that successful long-term records for active managers typically include lengthy periods (often consecutive years) when returns are well below the benchmark and in the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[92],"tags":[],"class_list":["post-29907","post","type-post","status-publish","format-standard","hentry","category-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Active vs. Passive: An Update | CBIS | Catholic Socially Responsible Investment Solutions<\/title>\n<meta name=\"description\" content=\"The current half-cycle has endured by means of massive global central bank support for a near-record eight years, measured from the March 2009 low.\" \/>\n<meta name=\"robots\" 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