Most active equity funds fail to outperform their benchmarks in 2023

Of the 13,938 actively managed funds globally, including conventional and ESG strategies, just 4,741 managed to outperform their respective indices, representing around 34% of such funds. Asian funds endure poor performance in 2023 as local currency bonds thrive The overall average relative performance of all equity funds compared to their benchmarks was -2.4%, the firm found. However, LSEG Lipper noted that around two-thirds of the average underperformance "can be attributed to fees and expenses". ESG-related funds performed worse than conventional strategies over 2023, deliver...