Active managed funds beat All-Share

The active managed sector has beaten the FTSE All-Share over three years to the end of July but still returned an average loss to investors of 18.62% before charges. Over the same period, the All-Share has delivered a total return of -23.69%, with 15 funds in the sector underperforming this, on a bid-to-bid basis. Of the three managed sectors, active has proven the worst strategy for capital preservation. Only two funds in the sector have posted positive returns over the three years to the end of July, Edinburgh Performance Portfolio, up 3.35% and Exeter Managed Growth, up 1.64%, bid t...