Some £50 billion of the £165 billion invested in mainstream UK equity funds is held in these automated funds, also known as “passives”. 30% of the £ 165bn invested in mainstream UK equity funds is now held in passive index trackers, 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 tracker funds is a waste of time, stating that the top ten UK actively managed funds nearly have outperformed the top performing tracker, Santander Stockmarket ten Chinese , by 30% since August .
30% of the £ 165bn invested in mainstream UK equity funds is now held in passive index trackers, 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 tracker funds is a waste of time, stating that the top ten UK actively managed funds nearly have outperformed the top performing tracker, Santander Stockmarket ten Chinese , by 30% since August .