Active management in a passive world
Active management in a passive world By Rocco Pellegrinelli, CEO, Trendrating
It’s a difficult time to be an active manager: according to S&P data, 83% of US and 86% of European equity funds underperformed their benchmarks over the last decade. In parallel with this underperformance, index-tracking funds are enjoying a moment in the sun: they already account for 40% of the $9tn U.S. market in equity mutual funds and exchange-traded funds (ETFs). The allure . . .
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