Aviva Investors' multi-manager team has said most active managers investing in UK stocks are failing to beat the FTSE All Share this year as overweights in mid- and small-cap stocks weigh on portfolios.
The group’s head of multi-asset, Peter Fitzgerald (pictured), said the team has struggled to find active managers that can outperform the index in the current market, in particular in the UK and US, where...
‘Important to have an anchor’
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