LSEG report: Most active funds are underperforming their benchmarks
Only 35% of active funds beat their benchmark over the past 12 months, and ESG portfolios were even worse off
Only 35% of active funds beat their benchmark over the past 12 months, and ESG portfolios were even worse off
All major asset classes suffered a second consecutive month of net withdrawals
Some tracker fund charges are costing 20 times the cheapest possible rate
Things have picked up for active managers after a ‘bleak 2022’