12 Oct 2017
Peter continues his critique of active management and how it should be measured. This month, he applies the methods of Professor Ross Miller to measure the "active-ness" of funds in the IA Mixed Investment 20-60% Shares sector, with some interesting results.
"Most of you will have heard of ‘active share’ the simple measure of the ‘active-ness’ of an actively managed fund popularised in 2009 by Yale’s Martijn Cremers and Antti Petajisto.
"However, you may not have heard of ‘active share’ (sic), another measure of ‘active-ness’ that has been around since 2005."
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