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Stock pickers fail to beat passive peers — and may see a ‘swift volte-face’ from investors

Active managers still trail passives during the pandemic-driven volatility, as evidence shows they're 'very poor at market timing'

Roller coaster: An increase in market volatility is supposed to be good news for stock pickers
Roller coaster: An increase in market volatility is supposed to be good news for stock pickers Photo: Getty Images

This was supposed to be their time to shine.

After a more than decade-long bull market that proved simply tracking an index would bring in hefty returns, active fund managers welcomed the volatile market environment ushered in by the pandemic. Sifting the winners from the losers is supposed to be easier in rocky markets. 

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