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Article: News: Active managers trail FTSE yet again.(Sixty per cent of active unit trust fund managers fail to beat FTSE All-Share Index in 2002)(Brief Article)
- Article from:
- Pensions Week
- Article date:
- February 24, 2003
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Sixty per cent of active unit trust fund managers failed to beat the FTSE All-Share Index in 2002.
This finding means there has now been just one occasion in the last 15 years when the average manager has done better than the market, a report says.
Virgin Money, which commissioned research by performance measurer The WM Company, said that despite recent bear market conditions that supposedly favour the active manager, there is now conclusive proof that investors will fare better in a tracker fund than by backing the so-called experts.
The report shows that there has now been five bear market years since 1990 and in all but one year, the average ...