Luke Hyde-Smith: Are we witnessing an active fund revival?

As the debate continues on the merits of investing passively or actively, our own analysis indicates active management may be undergoing something of a resurgence - admittedly having disappointed investors in aggregate over the last few years. Taking a broad range of equity sectors, the following chart illustrates how 2017 was much improved in terms of the number of active funds outperforming their respective benchmarks in comparison with 2016. Source: Morningstar Ah - but that is only because 2016 was such a poor year for active managers, you can hear the proponents of the pas...