Active Managed sector reputation for disparity confirmed by managers' analysis of strategy and performance

Catch-all Active Managed sector's results are as varied as the investment strategies adopted by its managers

The Active Managed sector is widely regarded as a bit of a catch-all peer group and the performance of the underlying funds over the past three years is as varied as the investment strategies they adopt. The Investment Management Association's only requirement for the sector constituents is for them to retain the right to invest up to 100% in equities and at least 10% is held in overseas stocks. That said, it is perhaps little wonder it has given rise to such a disparate sector where even many of the member fund managers consider peer group benchmarking or comparisons specious at best. ...