Lyxor study: Active manager outperformance improves in 2017

44% outperformed up from 28%

The number of active managers in Europe beating their benchmarks in 2017 rose to 44%, an increase on the 28% recorded the previous year, according to data from Lyxor Asset Management.

The research, which studied over 6,000 funds across 23 different universes with assets under management totalling €1.4trn, found equity managers posted the the most robust results with 47% of managers outperforming in 2017 versus just 20% the previous year with quality and growth managers seeing the strongest performance. Majority of active managers outperformedbenchmark in Q2 As expected, in less efficient markets or more specific markets such as European small-caps or Germany, active managers recorded their strongest results, while the worst were found in the US, UK, China and large...