Interested in ETFs?
Visit our ETF Hub for investor news and education, market updates and analysis and easy-to-use tools to help you select the right ETFs.
Only a third of active equity funds in the UK outperformed a passive alternative this year, according to research by investment platform AJ Bell.
The UK platform’s Manager versus Machine report analysed the performance of about 800 open-ended retail funds across seven Investment Association equity sectors.
AJ Bell found that only 34 per cent of active equity funds had beaten the median performance of passive funds in their respective sector this year.
The rate of active outperformance over passive rivals is particularly low for global and North American equity funds, standing at 25 per cent and 19 per cent respectively.

This article was previously published by Ignites Europe, a title owned by the FT Group.
Laith Khalaf, head of investment analysis at AJ Bell, said: “2021 has been a pretty grim year for active managers, with passive funds ruling the roost and delivering better returns for investors on average.
“Outperforming active funds were particularly sparse in the global and North America sectors, which are hugely important for investors because they are two of the most popular areas for investment, accounting for £270bn (€318bn) of investors’ money.”
He added that, in the North America sector, “the picture is not much improved when looking over a 10-year period”.
Over the past decade, 22 per cent of active North America funds beat the median performance of passive peers. That figure rises to 32 per cent for the past five years, according to AJ Bell’s report.
“Longer-term underperformance from active funds in these sectors suggest there is a structural reason why relatively few funds outperform a passive alternative,” Khalaf said.
“This is no doubt partly down to the fact the US stock market is pored over by so many analytical eyes and so active managers naturally find it more difficult to find an edge. But the continued market domination by a small number of large tech stocks may also be feeding into the equation.”
“This issue has increasingly affected the global sector too, seeing as the US stock market has grown to such an extent that it now makes up around two-thirds of the world index,” he added.
Some 40 per cent of active global funds have outstripped their passive rivals over five years, while only 30 per cent have done so over 10 years.
“If the raging US bull market comes a cropper . . . this performance differential could get turned on its head, seeing as the average global active fund is around 8 per cent underweight the US compared to passive peers,” Khalaf wrote.
He added that since 56 per cent of active funds had beaten a passive alternative over 10 years, it suggested “investors need to be picky when it comes to buying active funds and perhaps the regions in which they choose to allocate to active managers”.
In 2021, 41 per cent of active UK equity funds beat the median performance of passive funds in the same sector. However, the rate of outperformance over passives rises to 85 per cent over 10 years.
Europe Ex-UK and global emerging markets active equity funds outperformed passive rivals over 10 years at a rate of 64 per cent and 72 per cent respectively, according to AJ Bell.
*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. It covers everything from new product launches to regulations and industry trends. Trials and subscriptions are available at igniteseurope.com.

Click here to visit the ETF Hub
purchase levaquin online levofloxacin pills
brand avodart 0.5mg avodart 0.5mg sale zofran 4mg cheap
spironolactone online buy order generic diflucan 200mg brand diflucan 100mg
buy ampicillin 500mg pills erythromycin 500mg ca erythromycin 500mg us
order sildenafil 100mg pills buy nolvadex for sale order methocarbamol 500mg pills
order suhagra order suhagra 50mg order estradiol 1mg
lamictal order online purchase lamictal pill buy tretinoin sale
buy tadalafil sale diclofenac pill order voltaren 100mg pills
isotretinoin 20mg generic purchase amoxil generic buy azithromycin online
buy indocin 75mg pill order indomethacin 50mg order amoxicillin 250mg sale
buy tadalafil pill Brand name viagra purchase viagra without prescription
anastrozole pill Buy branded viagra usa viagra overnight
cialis sans ordonnance cialis 10mg en france viagra 25mg prix
buy prednisone 40mg pill cialis tadalafil viagra mail order
tadalafil 20mg kaufen ohne rezept viagra kaufen generika original viagra 50mg rezeptfrei sicher kaufen
order generic isotretinoin 40mg order isotretinoin for sale buy stromectol uk
provigil 200mg without prescription Buy cialis overnight delivery acetazolamide 250mg cheap
order doxycycline sale doxycycline 100mg tablet buy furosemide generic
catapres 0.1mg price order generic minocin 50mg buy spiriva generic
terazosin 5mg uk actos 30mg sale order sulfasalazine pills
alendronate 70mg ca motrin online order pepcid 40mg drug
benicar 10mg pills order olmesartan 10mg generic buy generic acetazolamide 250mg
tacrolimus 5mg tablet order urso urso price
imdur 40mg over the counter buy imdur 20mg online cheap micardis 80mg without prescription
order zyban generic purchase zyban without prescription buy quetiapine 50mg
buy molnupiravir 200mg generic purchase naprosyn generic lansoprazole 30mg uk
zoloft without prescription zoloft price viagra 100mg price
order imuran online order pantoprazole generic sildenafil pill
purchase cialis pill Cialis next day sildenafil tablets
cialis 10mg generic amantadine 100 mg ca amantadine online
order naltrexone generic femara pills purchase abilify online
buy avlosulfon 100 mg pill brand dapsone aceon 4mg generic
order provera 10mg online cheap biltricide 600mg oral periactin 4mg canada
cost modafinil legal online pharmacy review ivermectin 3mg tablet
fluvoxamine over the counter nizoral for sale glipizide 5mg drug
order accutane 10mg generic prednisone drug buy generic prednisone 5mg
buy nootropil 800 mg sale female viagra sildenafil purchase sildenafil online
order zithromax 250mg online cheap prednisolone 40mg uk purchase neurontin pill
order tadalafil 40mg without prescription buy viagra online cheap viagra 150 mg
furosemide order online purchase plaquenil online buy hydroxychloroquine 400mg without prescription
tadalafil otc buy betamethasone 20gm creams buy clomipramine 50mg pill
chloroquine 250mg usa buy aralen buy generic olumiant 2mg
itraconazole online buy order prometrium generic buy tindamax 300mg sale
glucophage without prescription metformin medication order generic cialis 40mg
purchase zyprexa nebivolol over the counter diovan 160mg over the counter
buy amlodipine 10mg without prescription buy norvasc for sale order tadalafil 5mg online cheap
buy clozapine 50mg generic order combivent 100 mcg pill brand dexamethasone 0,0,5 mg
sildenafil 100mg pill guaranteed viagra overnight delivery usa order lisinopril 2.5mg generic
buy zyvox 600 mg pill linezolid 600mg ca best online casino games
order prilosec online help writing research paper online casino real money
order lopressor online order generic vardenafil 10mg vardenafil 20mg uk
my childhood essay writing help writing papers for college casino online real money
order vardenafil generic cheap pregabalin medrol 8mg tablets
I just like the helpful information you provide in your articles
i need help with my essay purchase essays sildenafil 25mg for sale
buy clomiphene 100mg online order albuterol 4mg online cheap play poker online free
tadalafil 5mg drug cialis 20mg cost oral viagra 50mg
buy priligy 60mg generic purchase priligy generic synthroid 75mcg oral
order tadalafil 5mg pill viagra mail order us us viagra
buy generic orlistat 60mg order acyclovir 400mg without prescription purchase acyclovir
order tadalafil 10mg sale inderal 20mg drug order clopidogrel for sale
oral allopurinol 100mg order allopurinol 300mg pills zetia cost
order methotrexate 5mg without prescription warfarin 2mg oral reglan 10mg generic
buy motilium 10mg for sale domperidone 10mg cheap purchase cyclobenzaprine online
order cozaar 50mg for sale purchase cozaar for sale order topamax 100mg for sale
purchase baclofen online ketorolac drug buy ketorolac without prescription
imitrex 25mg cost buy sumatriptan 25mg online cheap buy dutasteride online
order colchicine 0.5mg sale cost colchicine casino online slots
buy ranitidine online order ranitidine 300mg sale celebrex pills
slots free internet roulette roulette online
flomax 0.2mg pills buy flomax generic spironolactone 100mg pills
cialis 40mg cheap order cipro generic order generic ciprofloxacin
zocor brand valtrex uk order proscar without prescription
order metronidazole 400mg pill bactrim generic purchase bactrim for sale
buy diflucan 100mg without prescription fluconazole canada brand name viagra
buy cephalexin 125mg for sale buy erythromycin online cheap erythromycin tablet
cialis 40mg oral order tadalafil 40mg pill free shipping viagra
guaranteed viagra overnight delivery usa order sildenafil 50mg generic oral cialis 5mg
generic ceftin 500mg ceftin medication order methocarbamol 500mg sale
blackjack card game best online casino for money generic for cialis
trazodone 50mg canada suhagra 100mg over the counter sildenafil cheap
order an essay online buy a custom essay stromectol online
sildenafil citrate sildenafil 50mg order lamotrigine 200mg online cheap
buy deltasone online cheap purchase amoxicillin pill buy amoxil 1000mg for sale
sildenafil 100 mg sildenafil 50mg cost cialis us
free slot machine games best casino games free shipping cialis
gambling sites provigil over the counter modafinil 100mg pill
buy lasix 100mg pills buy generic hydroxychloroquine 400mg buy plaquenil 200mg
fildena 50mg usa nolvadex 20mg oral rhinocort medication
brand deltasone 20mg buy vermox 100mg online cheap mebendazole usa
retin oral avanafil pill avanafil 200mg cheap
tadacip online diclofenac usa indocin 75mg pill
buy terbinafine 250mg pills lamisil cheap buy generic amoxicillin 500mg
biaxin 500mg ca buy catapres 0.1 mg meclizine 25 mg oral
purchase naproxen generic order cefdinir 300 mg sale buy prevacid
order spiriva 9 mcg pill minocin 50mg drug brand terazosin
buy proventil 100 mcg sale buy proventil buy ciprofloxacin 1000mg online cheap
buy pioglitazone online cheap us viagra viagra 100mg uk
buy singulair 10mg generic viagra 50mg pill purchase sildenafil for sale
order cialis 10mg Cialis prescription empire city casino online
tadalafil 10mg drug tadalafil 5mg brand tadalafil india
spins real money online roulette game real money games
ivermectin 3mg stromectol uk buy dapsone generic
online blackjack real money san manuel casino online card games online
adalat 10mg pills nifedipine cost cost allegra 120mg
altace cost order altace 10mg pill purchase etoricoxib sale
cheap research paper writers online thesis writing order azulfidine 500mg pill
buy olmesartan 20mg buy divalproex 500mg pills brand depakote
order mesalamine 400mg online cheap avapro 150mg uk buy generic irbesartan 150mg
temovate brand purchase clobetasol cordarone 200mg oral
acetazolamide 250mg oral imdur 40mg uk azathioprine drug
digoxin 250 mg over the counter order molnunat 200mg online molnupiravir cheap
safe and effective drugs are available. Everything information about medication.
https://viagrapillsild.online/# buy viagra cheap usa
All trends of medicament. Everything about medicine.
Everything information about medication. Commonly Used Drugs Charts.
tadalafil 5mg tablets in india
Top 100 Searched Drugs. What side effects can this medication cause?
purchase coreg pills purchase oxybutynin online order amitriptyline 10mg without prescription
buy amoxil generic stromectol 12mg generic ivermectin otc
Commonly Used Drugs Charts. safe and effective drugs are available.
https://tadalafil1st.online/# generic vs brand name cialis
Some are medicines that help people when doctors prescribe. Get warning information here.
alendronate without prescription buy fosamax pills order motrin 400mg pill
buy generic dapoxetine 90mg priligy 60mg us domperidone pills
Actual trends of drug. Read information now.
https://tadalafil1st.online/# tadalafil online india
Drug information. Cautions.
pamelor 25mg sale order paroxetine online cheap oral paroxetine 10mg
indocin for sale buy indomethacin online buy cenforce online
pepcid cost pepcid 20mg us remeron canada
doxycycline sale buy medrol 16mg online methylprednisolone australia
ropinirole 2mg oral order labetalol 100 mg pills brand labetalol
tadalafil online order buy plavix 150mg sale order amoxicillin
buy tricor 200mg sale fenofibrate 200mg drug buy sildenafil sale
brand cialis pills Cialis in usa order sildenafil 50mg online
minocin order cost terazosin 1mg terazosin 1mg sale
brand tadalafil 5mg cialis visa ed pills cheap
order metformin 1000mg for sale order generic glycomet 1000mg tamoxifen uk
modafinil 200mg price buy stromectol pills purchase phenergan for sale
buy clomiphene 100mg online brand clomiphene 100mg buy generic prednisolone 10mg
deltasone 5mg ca amoxicillin 1000mg uk buy amoxil 500mg pill
order absorica sale isotretinoin 40mg usa cost acillin
fildena 50mg usa order sildenafil sale buy propecia pill
It seems too complex and very extensive for me. I am 무료스포츠중계 having a look forward for your next put up, I will attempt to get the hang of it
generic ivermectin for humans pills for ed order prednisone 10mg generic
order generic zofran 4mg sulfamethoxazole tablet buy sulfamethoxazole online
order absorica online cheap isotretinoin 40mg over the counter zithromax over the counter
order ventolin inhalator sale buy albuterol 2mg pill cost augmentin 625mg
modafinil 200mg us provigil 200mg over the counter buy metoprolol generic
cheap generic prednisolone order neurontin generic cost furosemide 100mg
order avodart online cheap buy cephalexin 250mg without prescription order orlistat online
doxycycline order levitra 10mg for sale order zovirax pill
azathioprine 25mg drug naprosyn 250mg pill buy naproxen 250mg generic
buy ditropan 5mg generic oxcarbazepine 600mg tablet trileptal without prescription
cefdinir oral lansoprazole ca order protonix pills
order zocor phenergan ca sildalis pills
dapsone online order asacol 800mg cheap buy atenolol 50mg online cheap