Indeed, it is a short-time frame to measure success, but the results are still pretty damning.

A scant 1 percent of fund managers trading British stocks outperformed the index since the market crash of August 25 (one day after the U.S. crash on August 24). Indicating that investors might be better off devoting a large percentage of their portfolio towards index funds, only three actively managed funds out of 258 surveyed by FE Trustnet have delivered performance above the benchmark FTSE All Share index . . .

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