The key issue here, both for investors and for fund managers, is whether they truly want to gravitate towards the lowest common denominator. We would strongly challenge anyone who maintains active managers cannot outperform index-tracker funds over the longer term, and we believe the idea that cost should be the primary consideration is simply wrong.
Paying a little more for exceptional asset managers can help investors reap rewards over time.
Article continues after advert
Gary Potter is co-head of multi-manager at F&C Investments
Page 2 of 2
