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The proportion of UK active managers that outperformed last year was lower than usual, while its passive peers continued to gain market share.
Just 27% of active funds have beaten a passive alternative this year, according to data from AJ Bell.
Figures from the Investment Association from November show tracker funds had their lowest level of inflows since March 2021
Figures from the Investment Association from November show tracker funds had their lowest level of inflows since March 2021