The 2024 figure is not unusual, with the previous decade reflecting an identical picture. Over the last ten years, just 35% of active equity funds recorded better results than their passive counterpart. Adding to this active management woe, the 35% figure marked a drop from 2023's active outperformance reading of 36%. AJ Bell's Manager versus Machine report found that the weak active performance was partly driven by the dominance of global and US focused funds and their concentration on a small number of technology stocks. Less than 40% of active equity managers beat average p...
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