Half of sterling-denominated funds closed over last decade - AJ Bell and S&P

Older funds charging more

Lauren Mason
clock • 2 min read

Half of sterling-denominated funds that existed ten years ago are still available to investors today, according to research from S&P.

The US firm's latest SPIVA (S&P Index Versus Active) report also found that very few active managers managed to outperform their relevant S&P benchmarks over long-term time horizons, although funds in more volatile market areas such as emerging markets or UK small cap fared better. Commenting on the research, Matt Brennan, head of investment management at AJ Bell, said like most statistics, "these can be used by the user to confirm their view". "For a rules-based investor it confirms their belief that markets are efficient, and it is hard for an active manager to add value consistentl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Will continue to be led by current management team

Patrick Brusnahan
clock 23 December 2025 • 2 min read
2025 reflections: How strong companies trumped politics

2025 reflections: How strong companies trumped politics

Fears of an AI market bubble persist

Ryan Hughes
clock 23 December 2025 • 3 min read
What does 2026 hold for investment?

What does 2026 hold for investment?

‘The disruptors of yesterday are now the establishment’

Jen Frost
clock 17 December 2025 • 3 min read