Active equity managers outperform benchmarks during unprecedented H1 volatility

Active fixed income falls behind

James Baxter-Derrington
clock • 2 min read

Active equity fund managers have, on average, outperformed their benchmarks over the course of H1 2020, with 53% beating the index, according to Lyxor ETF's Active-Passive Navigator.

Small-cap managers took the top spot with 70% outperforming their relative benchmarks, which the report attributed to managers in most regions taking advantage of "clear sector rotations" during the market crash. Active management edges out passive performance in Q1 Large-cap active fund managers demonstrated a more uneven performance, with European and Japanese managers able to navigate the "surging stock dispersion", but US funds struggled. Conversely, active fixed income managers lagged significantly, with only 33% of funds able to outperform their relevant benchmarks. The re...

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