Morningstar: Over 60% of active bond managers outperform passive rivals

Versus 36% of active equity managers

Cristian Angeloni
clock • 2 min read

Active bond managers have mostly outperformed passive alternatives in the year to June 2023, according to Morningstar analysis.

In its bi-annual European Active/Passive Barometer, the firm found that in the 24 categories analysed, 62.7% of active bond managers outperformed their passive counterparts over the 12-month period. This marked an increase from 55.5% at the end of 2022 and 46.2% the year before. Morningstar said the increase was largely due to bond markets regaining strength in the first half of 2023, with rising yields driving demand for developed government and investment-grade corporate issuers. Bank of England calls on money market funds to bolster liquidity levels On the European equity sid...

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


More on Bonds