UK - Active UK equity managers have beaten the FTSE-all share index in the first quarter of 2004, returning 1.3%, against the index return of 0.6%, according to Russell/Mellon.
Managers also beat the index over three years, returning –3.5% p.a. against –3.8% p.a. and over five years, returning –1.7% p.a. against –2.7% p.a. However, these funds underperformed over the s...
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