The regions where it was worth paying for an active fund manager in 2023

Active funds continued to underperform compared with passive alternatives last year but where were the best and worst performers?

man at active or passive crossroads
(Image credit: Getty Images)

Fewer than a third of fund managers outperformed passive funds last year but it was worth paying for one in some regions, research suggests.

Investors faced plenty of stock market volatility during 2023 with high inflation and rising interest rates and many will have relied on active fund managers to provide sustainable returns and hopefully outperform the market.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Marc Shoffman
Contributing editor

Marc Shoffman is an award-winning freelance journalist specialising in business, personal finance and property. His work has appeared in print and online publications ranging from FT Business to The Times, Mail on Sunday and the i newspaper. He also co-presents the In For A Penny financial planning podcast.