Core investing won the equity performance race in the first six months of 2000, according to PPCA, a performance-measurement technology firm.
Based on returns of the Surz indexes, produced by PPCA, core returned 6% domestically, while value and growth returned -2.3% and -2.5%, respectively. Core equity returned 2% internationally, while value and growth lost 3.5% and 9%, respectively.
‘‘Most consultants track value and growth and either fold core into these two styles or discard it as unclassifiable,’’ so indexes typically don’t include the style, according to Ronald J. Surz, president of PPCA and a managing director of Roxbury Capital Management.
