On March 11 2021, the WSJ entitled his last article on active vs passive funds : “Stock Pickers Trailed Market Again in Roller Coaster 2020”. Looking at European domiciled funds, I found that US equity active managers have outperformed their passive counterparts by 3.4% on average in 2020 (based on Morningstar fund data). This represents an unprecedented level, a record over the past 10-years. Shouldn’t that deserve to be highlighted?
Additionaly, the percentage of active managers having outperformed passive funds have nearly double compare to the 10 year average (i.e. the average of one year results over 10 years), 41% vs 24% respectively. Is it not also worth noticing?
And I could add to the list, the strong start of 2021 for US equity fund managers as highlighted in my previous post (https://lnkd.in/gveVDyq).

👉Acknowledging the positive results of active managers in some specific periods, does not mean that we are in favour of active managers.
🎯It just demonstrates that the 𝐜𝐨𝐦𝐛𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐚𝐜𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐩𝐚𝐬𝐬𝐢𝐯𝐞 𝐟𝐮𝐧𝐝𝐬 bring 𝐯𝐚𝐥𝐮𝐞 to investors’ 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨𝐬