Active managers underperform FTSE All-Share index in Q3

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ACTIVE equity managers underperformed the FTSE All-Share index in the third quarter of 2006, latest figures reveal.

Active UK equity managers returned an average of 3.4pc after fees, compared to 3.6pc, according to Mellon Analytical Solutions. Managers also un-derperformed over one, three and 10 years to Septemb...

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