The performance of active equity managers improved substantially in the first half of 2023.

Active fund managers had the chance to “easily” beat passive funds in the first half of 2022 but failed to impress, according to financial research and investment management company Morningstar.

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.

AJ Bell has today launched a new version of its Managed Portfolio Service (MPS), which blends its actively managed portfolios with its passive funds.