Of the 13,938 actively managed funds globally, including conventional and ESG strategies, just 4,741 managed to outperform their respective indices, representing around 34% of such funds.
Asian funds endure poor performance in 2023 as local currency bonds thrive
The overall average relative performance of all equity funds compared to their benchmarks was -2.4%, the firm found.
However, LSEG Lipper noted that around two-thirds of the average underperformance “can be attributed to fees and expenses”.
ESG-related funds performed worse than conventional strategies over 2023, deliver…
