Chris Dillow 

Biased towards active funds

Chris Dillow

Chris Dillow
Biased towards active funds

Actively managed funds “did not outperform their own benchmarks after fees” said the FCA last year in a report that officially corroborated the bulk of academic evidence that passive investment beats active management over the long term. Which poses the question: why do so many people continue to hold high-charging but poorly performing funds? Some new research suggests it is in part because investors are irrational.

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