Half of sterling-denominated funds closed over last decade - AJ Bell and S&P

Older funds charging more

Lauren Mason
clock • 2 min read

Half of sterling-denominated funds that existed ten years ago are still available to investors today, according to research from S&P.

The US firm's latest SPIVA (S&P Index Versus Active) report also found that very few active managers managed to outperform their relevant S&P benchmarks over long-term time horizons, although funds in more volatile market areas such as emerging markets or UK small cap fared better. Commenting on the research, Matt Brennan, head of investment management at AJ Bell, said like most statistics, "these can be used by the user to confirm their view". "For a rules-based investor it confirms their belief that markets are efficient, and it is hard for an active manager to add value consistentl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why are so many active fund managers underperforming?

Why are so many active fund managers underperforming?

US tech stocks have dominated market performance for a long time

Laith Khalaf
clock 29 January 2025 • 5 min read
Diversification: The case for looking further afield in 2025

Diversification: The case for looking further afield in 2025

'The best gains of all could come from casting the investment net far and wide'

Sheldon MacDonald
clock 28 January 2025 • 4 min read
RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

Total of approximately 6,600 claimants

Cristian Angeloni
clock 27 January 2025 • 2 min read