- We look at where active funds have had a good showing in recent years
- Winners and losers point to some useful trends
There’s a strong temptation to think that stockpickers can beat the market when uncertainty arises, and that’s a thesis our latest cover feature (page 22) examines in depth. Poorly as active portfolios have fared against low-cost trackers in recent decades, there are some reasons to believe a change is due – not to least thanks to a shift in monetary policy. But picking winners, and those that can replicate their successes consistently, has always been a challenge.
Figures produced by assessors such as S&P’s ‘SPIVA’ scorecard tend to reflect poorly on active funds over various periods of time, with very few managing to beat the market in the longer run.