Morningstar: Over 60% of active bond managers outperform passive rivals

In its bi-annual European Active/Passive Barometer, the firm found that in the 24 categories analysed, 62.7% of active bond managers outperformed their passive counterparts over the 12-month period. This marked an increase from 55.5% at the end of 2022 and 46.2% the year before. Morningstar said the increase was largely due to bond markets regaining strength in the first half of 2023, with rising yields driving demand for developed government and investment-grade corporate issuers. Bank of England calls on money market funds to bolster liquidity levels On the European equity sid...