Half All Cos behind FTSE

Just under 55pc of funds lagged the index, which returned 3.65pc between June 29 and September 29. However, while not pleasing to investors in underperforming funds, this figure marks a vast improvement on an earlier three-month period between April 28 and July 27. Then, 93pc of actively managed funds in the sector fell behind the All Share index – and only three funds delivered a positive total return. This was during a period that saw global markets tumble as investors took risk off the table, unwinding positions in emerging markets, commodities, resources and Asia. Commentators sai...