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
Elston Consulting fund selector Jackie Qiao discusses how she sees active funds evolving over the next decade
£1bn pulled from funds in June, including a net £858m from UK equities
Fund tracks Societe Generale’s SGI European Green Deal index
Fundsmith Equity was the only active fund in the top 10 list
It could represent a ‘low-cost starting point for a portfolio aiming to deliver long-term growth in a responsible way’
Highlighting how expensive it was in the first place may not have helped
Changes unlikely to be forthcoming until at least Q2
Virgin charges investors 1% for a tracker fund that fell more than 10% in 2018
Some sustainable index trackers have outperformed their plain vanilla peers since they were established a few years ago, while others haven’t.
Boutique multi-manager IBOSS AM has dramatically cut its portfolios’ exposure to active managers, reducing its OCFs in the process.
Active managers are under pressure like never before to either justify or cut their fees, but have passive funds been getting an easier ride than they deserve as a consequence?