Fidelity's Podger challenges three active management myths

Jeremy Podger, manager of the Fidelity Global Special Situations fund, tries to separate the fact from the fiction about proper active fund management.

Today, active management is under attack on several fronts. Regulators are concerned that managers show clearly what they are proposing to deliver to clients and how they plan to do it. That is absolutely as it should be. FCA challenges active managers to prove their worth Meanwhile, passive funds are gaining in popularity and this may continue for some time. This is not just a function of fee levels. Some passive investors believe it is not possible to add value through active management and some that it is futile to try to identify the better managers. We might call these the ...