BMO GAM: Active managers still failing to deliver consistent performance
1.24% achieved consistent top-quartile returns over three years
Kelly Prior, investment manager in the BMO GAM multi-manager team
Active funds are continuing to underperform relative to their historic average despite an uptick in top-quartile returns in Q4 2017, according to BMO Global Asset Management.
The Q4 quarterly FundWatch survey conducted by the BMO GAM multi-manager team found only 1.2% of funds returned consistent top-quartile performance over three years versus the historic average of between...
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