John Husselbee: Is Dunn's Law more fuel for the active/passive fire?

Despite peace-making attempts by investors pushing the case for a blend of active and passive funds in a diversified portfolio, the so-called ‘Great Debate' rumbles on. Our attitude to this has remained constant and we continue to employ active and passive vehicles in our target-risk portfolios. When investing in an asset class, we identify the availability and suitability of tracker options first and then look at whether it is worth paying up for active managers. Many are yet to be convinced of the merits of holding both, however, toggling between the two depending on the investment ...