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...
Bought plans in 1988 and 1989
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Launched 25 September