PA360: 'Diversified approach has room for both active and passive' - David Coombs

Speaking at the PA360 conference today (1 May), Rathbones Asset Management head of multi-asset investments David Coombs said recent market turbulence had highlighted why taking a solely passive approach can bring its own set of risks. He said: "I am not saying passive is wrong or has no place. But there are risks that not everyone is quite aware of." Coombs pointed out that Magnificent 7 stocks had been badly hit in recent volatility after riding high in 2024. "People then start to think that active has a place," he commented. Coombs said last year saw many active managers start...