Most actively-managed funds across a majority of peer groups have failed to beat their respective benchmark, according to ratings agency Standard & Poor's (S&P).
The latest S&P Index Versus Active Funds Australia scorecard showed 65 per cent of active Australian equities funds underperformed the S&P/ASX 200 Accumulation Index over the five years to June 2010.
It also showed 57 per cent of active international equities funds failed to beat their benchmark index over a period of one year or more.
