30 % of the £ 165bn invested in mainstream UK equity funds is now held in passive index funds , four of which made The Share Centre 's August list of top ten selling funds . Sheridan Admans , investment research manager at The Share Centre , which compiled the list , said having four tracker funds in making the top ten best seller list was unprecedented . Brian Dennehy , of Fundexpert.co.uk told The Times that investing in UK equity funds is a waste of time , stating that the top ten UK actively managed funds nearly have outperformed the top performing tracker , Santander Stockmarket Four UK tracker funds made August’s top ten selling funds, compiled by The Share Centre, despite the tremors through global markets when the Chinese slowdown triggered a huge sell-off. 100 Tracker , by nearly 50 % since 1999 .
30 % of the £ 165bn invested in mainstream UK equity funds is now held in passive index funds , four of which made The Share Centre 's August list of top ten selling funds . Sheridan Admans , investment research manager at The Share Centre , which compiled the list , said having four tracker funds in making the top ten best seller list was unprecedented . Brian Dennehy , of Fundexpert.co.uk told The Times that investing in UK equity funds is a waste of time , stating that the top ten UK actively managed funds nearly have outperformed the top performing tracker , Santander Stockmarket 100 Tracker , by nearly 50 % since 1999 .