BMO GAM: Top performing active funds triple index returns over ten years

Research by multi-manager team

Passive funds have only beaten active in one out of seven sectors over a decade, according to research by BMO Global Asset Management's multi-manager team, with the best UK active fund returning 3.1x more than the index.

The team, led by Gary Potter and Rob Burdett (pictured), looked at seven sectors within the Lipper Global universe and found the top-performing active managers had delivered three times their index benchmark return over ten years.  According to the research, the best performing UK active fund returned 224% over the period, more than triple the 71% return of the index. FCA: Investors overlooking passives despite £109bn in expensive 'passive mirrors' Meanwhile, the average UK active fund returned 60.5% compared to 58% by the average UK passive fund. The difference between the best...