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Passive management: 1, Active management: 0
Nine out of 10 actively managed European equity funds have underperformed their benchmark over the last 10 years, reports the Financial Times. Three-fourths of active U.K. equity managers continually fell short of their benchmark in the last decade. Less than half of the 489 U.K. equity funds and 1,192 European equity funds launched 10 years ago are still around.
So active managers, are you worth your fees?
Photo: Hans Gerwitz