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https://www.ft.com/content/3fceed90-13ae-11e7-b0c1-37e417ee6c76
Nine out of 10 actively managed funds focused on UK equities underperformed the stock market last year, a development that will stoke concerns among investors and regulators that traditional asset managers are failing their customers. Britain’s vote to leave the EU and Donald Trump’s US presidential election victory led to a severe deterioration in the performance of actively managed UK equity funds in 2016, according S&P Dow Jones Indices, the index provider.
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