Mark Dampier: 'If you're not interested in investment, buy passive'

"With passive funds, you have no fund manager risk, you only have market risk," Dampier (pictured) explained. Most investors lacked patience which was required when using an active manager, he suggested. "Picking active funds is actually quite difficult," said Dampier. "If you're not prepared to spend the time doing it, you are actually better in passive." The ability to trade unit trusts at a similar pace to shares, he said, was one factor that had helped facilitate client impatience. "Now you can pretty much trade unit trusts as you can shares so what I find is people just gra...