Active manager outperformance improves in 2017 - Lyxor study

The research, which studied more than 6,000 funds across 23 different universes with assets under management totalling €1.4trn, found equity managers posted the the most robust results with 47% of managers outperforming in 2017 versus just 20% the previous year with quality and growth managers seeing the strongest performance. As expected, in less efficient markets or more specific markets such as European small-caps or Germany, active managers recorded their strongest results, while the worst were found in the US, UK, China and large-cap universes. There was also a significant improv...