Passive Investing, The Evidence … Part 1 – The Outperformance Myth
Part 1 of 8 - The Outperformance Myth [7:14]
Part one of the eight part documentary, Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See, describes how the £4 trillion invested by UK fund managers more often than not produces a below-average return and fails to match, never mind beat, the average market return over the long term.
Are the fund managers as smart as they like to think they are? Financial gurus John Bogle, Charles Ellis and Ken French, amongst others, think not.