Research survey conducted by Morningstar looks at 10 year investment performance across Passives vs Active Management in Europe. It illustrates that Passives has outperformed Active Management across 90% of investment Funds surveyed that spanned across 49 categories of Equity and Bonds, including funds investing in US and European large-cap stocks, to diversified bond indexes, to niche stock-market strategies. The exception was niche categories as well as UK mid-cap stocks where 75% of active managers have out-performed their equivalent index trackers.
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Passive Investing has outperformed Active Management over the past decade
Low-cost index-tracking funds have beaten their more expensive active peers in 47 of 49 categories over the past decade, according to new research from Morningstar that adds new weight to longstanding complaints that fund managers do not outperform the market on average.