Stop bashing active management

STOP BASHING ACTIVE FUNDS

If you have been reading the national press in recent weeks you could be excused for thinking the actively managed fund industry was on its last legs.

There have been numerous articles ‘exposing' those high charging funds ripping off clients and they are jam-packed full of quotes from "industry commentators" calling for investors to exit active management altogether. One problem however is most of the figures quoted in the stories criticising high active management charges have come from groups offering ETF solutions. I wonder why this is...