Source: Standard & Poor’s
One would think that anyone who gives their money to active managers to invest overseas would be shocked to see this data.
Over the last 15 years, 94% of active Australian fund managers have underperformed investing overseas.
They were better on the local market, but not by much.
Over the last 15 years, 83% of fundies underperformed investing in the Australian sharemarket.
One has to wonder the total of fees and charges that they collected for that woeful performance.