A significant number of active managers have not protected investors as might have been assumed,’ wrote Alan Miller in a recent blog. SCM Direct had surveyed the UK active fund industry on its performance year-to-year to the end of March 2020, and based on a view of 627 non-index funds worth £301 billion, the average active equity fund underperformed the index by 2.1 per cent. ‘There were no sectors analysed where the average active fund added value,’ Miller concluded.
The ‘power couple’ are known for forging MiFID II and for their efforts to challenge the investment community to operate in a fairer and more transparent way.
Related
Content from our partners
