UK sterling-denominated actively managed funds outperform

Euro-denominated actively managed funds do not outperform benchmarks

UK finance

UK sterling-denominated actively managed funds have overwhelmingly outperformed their benchmarks during the past five years, while those denominated in euro have been much less successful, according to the first Spiva (Standard & Poor's Indices Versus Active Funds) scorecard for Europe. As equities rebounded in 2013, prompting a 21% gain in the Standard & Poor's (S&P) Global 1200 and 19% rise in the S&P UK index, the performance of active managers in European and international