Active Managers To Prevail As Dispersion Grows?

Not a week goes by without an article claiming that passive investment funds have had their time in the sun, and there will soon be a renewed spike in the demand for active managers. This is one of those articles but before you click off the page, it’s worth considering the data below that is used to support the active manager argument. Active managers: Increasing dispersion This month’s issue of Deutsche Bank’s konzept magazine looks at the curious state of dispersion (the spread between the returns of different assets) in the market today. Since the financial crisis dispersion among assets…