Nine In Ten UK Equity Fund Managers Beat Index: How?

While US equity markets stole the show last year, it was UK equity fund managers who had the best performance with nearly 90% of them outperforming the FTSE 100, reports Chris Flood at the Financial Times. While some active managers were eager to seize on this as proof that they have more to offer than low cost, passive ETFs, it’s more likely a fluke of the FTSE’s top heavy market caps. FTSE index dominated by a few struggling giants in recent years “UK active managers have done a good job in recent years. The S&P data show that there are…