Why investors are shunning active and chasing passive (AFR 25/09/19)

Active managers have struggled with fund flows this year as investors opt out into cheaper passive funds.

The local sharemarket has gained more than 20 per cent since the start of the year, a performance many active managers have struggled to match.

There’s a really big issue out there. There’s something like 130 managers managing the ASX 200 and 83 per cent of them underperformed last year,” says Hamilton Wealth Management founder Will Hamilton.