Investment news · Supervision

Esma study questions added value of active management

Esma's headquarters is located next to Gare de Lyon in Paris. Photo by George Kourounis on Unsplash.

Active management of investment funds is no guarantee for outperformance during volatile times in financial markets, according to a new study presented on Monday by Europe’s top financial markets authority. “There is low ability to generate sustained positive alpha, especially for larger funds,” it said.

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