A new study has found that over the longer term active funds have - on average - outperformed passive funds despite the fact that just 1 in 3 active funds have beaten passive funds this year.

Fund manager Schroders has launched a blended range of fund portfolios that will switch between passive and active funds depending on the economic conditions.

A Natixis Investment Managers global survey of 200 fund buyers has found that, against the backdrop of market volatility and uncertainty, professional fund buyers have shown a preference for active management.

Terry Smith’s popular Fundsmith Equity fund was the most recommended investment by financial advisers in January and February, according to figures from AJ Bell’s platform.