‘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’.
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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