60% of fund managers underperform All-Share

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Some 60% of UK active fund managers failed to beat the FTSE All-Share Index in 2002 according to a n...

Some 60% of UK active fund managers failed to beat the FTSE All-Share Index in 2002 according to a new report by Virgin Money. The findings, which form part of the annual WM Company study into active and passive management, reveal that there has now just been one occasion in the past 15 years when the average fund manager has done better than the market. The report claims that over 20 years only 10 out of 48 actively managed unit trusts were able to beat the index, meaning some 80% of managers underperformed. According to the report the majority of funds in the UK All Companies sector t...

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