Ninety-nine percent of actively-managed US funds sold in Europe failed to beat their benchmarks over the past decade, according to figures from S&P Dow Jones. Similarly, just two in every 100 global equity funds fared better than the S&P Global 1200 and nearly 97% of emerging market funds underperformed. Active managers need to examine their investment processes to ensure they are relevant in the current investment landscape, said Amin Rajan, CEO of Create Research, a sentiment echoed by Dan Mannix, CEO at RWC, who said the industry needed to invest in capabilities to "deliver something that is worth paying for".
Ninety-nine percent of actively-managed US funds sold in Europe failed to beat their benchmarks over the past 10 years, according to figures from S&P Dow Jones. Similarly, just two in every 100 global equity funds fared better than the S&P Global 1200 and nearly 97% of emerging market funds underperformed. Active managers need to examine their investment processes to ensure they are relevant in the current investment landscape, said Amin Rajan, CEO of Create Research, a sentiment echoed by Dan Mannix, CEO at RWC, who said the industry needed to invest in capabilities to "deliver something that is worth paying for".