E
endowed
Guest
The latest pension fund tables from Mercer show that over the 3 years to July 31,the average and median active funds have done significantly better than the Consensus funds:
* average -1.8%
*median - 2.3%
* consensus - 2.5% (Ir.Life),-3.4%(FF & CL),-3.3%(Hib)
the figures are annualised.
Elan has been a major factor and the cause of the less bad outurn at Ir.Life(they had reduced the Elan content).
There has been a pretty wide acceptance on the part of Brendan (and other regular contributors) of the proposition that passive beats active.It has been put as being beyond debate .
The extraordinary events of recent months & the collapse of several companies which were meaty chunks of leading indices may mean that it is time to re-evaluate what had almost become the 'wisdom'.
It is undoubtedly true that active managers gained some ground by raising cash in falling markets and will quite possibly give this back when the markets turn.
* average -1.8%
*median - 2.3%
* consensus - 2.5% (Ir.Life),-3.4%(FF & CL),-3.3%(Hib)
the figures are annualised.
Elan has been a major factor and the cause of the less bad outurn at Ir.Life(they had reduced the Elan content).
There has been a pretty wide acceptance on the part of Brendan (and other regular contributors) of the proposition that passive beats active.It has been put as being beyond debate .
The extraordinary events of recent months & the collapse of several companies which were meaty chunks of leading indices may mean that it is time to re-evaluate what had almost become the 'wisdom'.
It is undoubtedly true that active managers gained some ground by raising cash in falling markets and will quite possibly give this back when the markets turn.