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

Watch Professional Adviser's Working Lunch on the Baillie Gifford American fund - 'The Ostrich, the Index, and Us: seeking exceptional US growth in a top-heavy market'

Watch Professional Adviser's Working Lunch on the Baillie Gifford American fund - 'The Ostrich, the Index, and Us: seeking exceptional US growth in a top-heavy market'

Catch up on the discussion

Professional Adviser
clock 10 February 2025 • 1 min read
Alec Cutler: The swinging pendulum of investor sentiment

Alec Cutler: The swinging pendulum of investor sentiment

Exploring how investors view the ever-changing energy market

Alec Cutler
clock 05 February 2025 • 4 min read
FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

Move intended to boost UK growth

Linus Uhlig
clock 31 January 2025 • 2 min read