James Klempster: Keeping the faith with active investing

The 'active-passive' debate

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James Klempster: "A slavish adherence to the index - in the assumption that it is perfect - is not so different from believing in the cult of a certain personality."
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James Klempster: "A slavish adherence to the index - in the assumption that it is perfect - is not so different from believing in the cult of a certain personality."

The 'active-passive' debate is a belief system, says James Klempster - if you believe markets are highly efficient, it makes sense to invest in passive vehicles. But, he argues, there is room for doubt

Active investment management has had a torrid time in recent years. Depending on which survey you read, the performance of the average manager has achieved somewhere between ‘bad' and ‘abysmal'. This...

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