BMO GAM's Burdett takes passives exposure to 'lowest level' as research shows majority of active funds outperforming

BMO GAM's PassiveWatch research

Beth Brearley
clock • 3 min read

The average active fund has outperformed the average passive fund in three out of five Lipper Global sectors over the past 20 years, research by BMO Global Asset Management's multi-manager team shows.

According to BMO GAM's latest PassiveWatch research, which reviewed the 20-year performance of all active and passive funds with available Lipper data across the UK, Europe, Asia, US and Japan, the average active fund outperformed the average passive fund in the UK, Europe and Japan.  Although in the US sector this was not the case, the best-performing active fund still outperformed the average passive fund by a multiple of 6.3x. This is reflected in the differential between the best- and worst-performing passive funds over one year. During 2018, the performance of the best and worst ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

7IM's Ben Kumar: When behavioural biases are not all they seem

7IM's Ben Kumar: When behavioural biases are not all they seem

Investment identity more important

Ben Kumar
clock 02 July 2025 • 3 min read
Aegon AM launches UK-domiciled global income fund

Aegon AM launches UK-domiciled global income fund

In response to client demand

clock 27 June 2025 • 1 min read
CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

Focus on quality

Charlotte Ryland and Joe Hawkes
clock 26 June 2025 • 4 min read
Trustpilot