White paper reports

The State of the Universe

The debate about active versus passive investing has raged for years. But much of the case against active management is based on misleading data.  This is because passive investments are usually shown in a good light against "the average fund", but hardly anyone invests in that fund, so the comparisons are dubious.

We have carried out a study that more accurately reflects the value created by active fund management.  The results not only paint a very different picture to the one we're used to seeing, they also reveal some fascinating insights as to how active management can be made to work for the individual investor.


Written by Simon Evan-Cook,
Manager of Premier multi-asset funds



Risk warning

Please remember that past performance is not a guide to future returns and the price of shares and the income from them may go down as well as up and you could get back less than you invested. Reference to any particular fund does not constitute a recommendation to buy or sell the fund. If you do not have professional experience in matters relating to investments, please speak with a financial adviser before making an investment decision.

A free, English language copy of the full prospectus for each Fund, the Key Investor Information Document and Supplementary Information Document, which include the important information you need to consider before making an investment decision, are available on this website or copies can be sent to you on request. See ‘Contact Us’ for more details.