The company’s European Active/Passive Barometer found active managers tend to perform better in the small- and mid-cap equity categories, but lag behind passive peers on large-cap stocks.
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Yet, active funds are more likely to succeed in equity categories, the Barometer discovered, as average passive counterparts tend to have a “structural bias toward a particular economic sector”, or are concentrated on a few individual names.
At the same time, the performance proportion for active equity funds nearly double…
