Four-fifths of sterling-denominated active UK equity funds outperformed the S&P UK BMI over the 12 months to mid-2017, according to research from S&P Dow Jones Indices. Over 10 years, however, this number drops to 28%.
The bi-annual S&P Indices Versus Active Funds (SPIVA) Europe Scorecard, which measures the performance of actively managed European equity funds against the performance of their respective S&P Dow Jones...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year