Q3 CAPS figures show 'majority' of active managers fail to outperform benchmark

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BALANCED pooled funds saw median returns of -0.1pc in the third quarter of 2007, latest CAPS figures from BNY Mellon Asset Servicing reveal.

The performance measurement firm said this was the first time in 12 months that balanced pooled funds had failed to achieve a real rate of return – as the retail prices index increased by 0.3pc ove...

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