The Case For Active Management In The UK Equity Market [Part Two]

Continuing from part one of this series on the benefits of active investing in the UK market.
What it takes to outperform
In part one, I looked at RWC’s figures that showed UK equities were cheap compared to their global peers, despite the broad advantages of investing in the UK. RWC’s Q1 2015 investor letter for its equity income fund takes a closer look at what it takes to outperform in the UK.

RWC makes the point that:

“According to authors of the Credit Suisse Global Investment Returns Handbook 2014, between 1900 and 2013, UK equities . . .

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