Majority of active managers outperformed benchmark in Q2

The research by Lyxor Asset Management, which monitors the performance of 3,871 active funds across Europe on a quarterly basis, found 55% of active managers beat their benchmark, up from 52% in Q1 and only 28% in Q4 2016. Equity managers saw the largest level of outperformance, with 63% beating their benchmark in Q2. Marlène Hassine, head of ETF Research at Lyxor AM, said the receding of political risk fears, dovish central bank policies and improving economic conditions were the key reasons for the outperformance. Populism fears seem to have receded for the timebeing after  both ...