Sep 8, 2026 – 4.00pmAustralian active managers have had a horror run this year, wrong-footed by a relentless rally in the ASX’s biggest companies that has left the industry on track to record its highest rate of underperformance in almost a decade.About three in four, or 78 per cent, actively managed Australian equity funds lagged the S&P/ASX 200 Index in the first six months of the year, with the average portfolio returning just 0.2 per cent compared to 2.4 per cent return for the benchmark, according to S&P Dow Jones Indices.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The most active managers in almost a decade are trailing the ASX
Market conditions are ripe for stock-picking, yet 78 per cent of equity fund managers lagged the sharemarket in the first half. Here’s why.
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