🤔 Comment doit on considérer le fait que 54% des gérants actifs superforment leurs équivalents passifs au S1 2020 ?

Based on the results of 13 equity categories, Morningstar calculates this average result for active manager outperformances in H1 2020. Taking into account the 49 equity categories analyzed in Morningstar’s latest European report, the result is even more striking: 𝟓𝟕% 𝐨𝐟 𝐞𝐪𝐮𝐢𝐭𝐲 𝐚𝐜𝐭𝐢𝐯𝐞 𝐦𝐚𝐧𝐚𝐠𝐞𝐫𝐬 𝐨𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐞𝐝 in H1 2020. Isn’t that significantly much more than the figures we all have in mind, far below 50%? And isn’t that significant enough to get articles with a positive tone for active manager performances in H1 2020?

👉Acknowledging the positive results of active managers in some specific periods does not mean that we are in favor of active managers. 🎯It just demonstrates that the 𝐜𝐨𝐦𝐛𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐚𝐜𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐩𝐚𝐬𝐬𝐢𝐯𝐞 𝐟𝐮𝐧𝐝𝐬 bring 𝐯𝐚𝐥𝐮𝐞 to investors’ 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨𝐬.

Et de plus, cela montre que la décision d’𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 entre les fonds actifs et passifs ne doit pas être fondée sur des idées reçues mais sur données à jour. 🚀