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‘Active’ a dirty word in investing circles, high fees an issue: JP Morgan

JP Morgan executive Andrew Creber argues active managers are on the cusp of a comeback but passive investor Betashares says ‘no chance’.

Michelle Bowes
Michelle BowesWealth reporter

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Andrew Creber, the local chief executive of JP Morgan Asset Management, admits that the term “active” has become a bit of a “dirty word” in the investment industry, and concedes that high fees and unremarkable performance have been a problem.

But thanks to more favourable economic conditions, he says the time is ripe for active investing to make a comeback, and implores investors to take another look at the approach.

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Michelle writes about wealth from our Sydney newsroom. She has more than 20 years of experience as a business journalist and is the author of Money Queens: Rule your Money, an award-winning personal finance book for teenage girls. Email Michelle at michelle.bowes@afr.com

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    Original URL: https://www.afr.com/wealth/personal-finance/we-re-entering-a-sweet-spot-for-active-funds-jp-morgan-20240605-p5jjci