Just 27% of active funds have beaten a passive alternative this year, according to data from AJ Bell.
This is down from 34% of active managers who performed better than passive rivals in 2021. When it comes to outperforming a tracker fund the figures are even worse for active UK managers. Just 13% of UK active equity funds outperformed a passive alternative in 2022, with higher mid and small-cap exposure negatively impacting the managed funds. This was the worst performing sector except Asia Pacific ex Japan, where only 12% of active fund managers outperformed versus passives. UK equity funds leak a further £1bn in November as investor confidence tanks The average UK active ...
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