A total of 30 per cent of investment advisers do not believe that active fund managers can consistently outperform indices over five years, research by Castle Trust has shown.
In a study of 266 investment advisers, the housing investment provider stated that this figure rose to 40 per cent when the overall performance period was cut to a year.
Castle Trust chief executive officer Sean Oldfield said: “Concern over the long-term ability of active managers to outperform their benchmark indices is well-documented and is recognised by advisers.
“They clearly recognise the need to deliver long-term performance for their clients and that should mean at least a core holding of index tracking investments.”











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