Has Active Management Added Value?

Each year Asset Consulting Group takes a detailed research approach to this question and updates its Active vs. Passive analysis using manager universe information from eVestment Alliance’s subscription database. This database provides qualitative and quantitative information for approximately 45,500 products (strategies) submitted by approximately 8,500 firms.

The analysis compares the returns of actively managed strategies relative to market benchmarks across a variety of asset classes including US Large Cap Equity, US Small Cap Equity, International Equity, Emerging Markets Equity, and Core Fixed Income. The intent is to identify the degree to which active managers generally outperform or underperform market benchmarks across asset classes and over time.