It's time to change the narrative on active management

THE asset management industry has grown used to saying that past performance is not an indicator of future success - while sometimes behaving as if it is. Procyclical advice can see investors moving into funds or strategies that performed well in the past - rather than those that hold greatest potential in the future.

Similarly, while passive investment vehicles have grown popular against the backdrop of a prolonged bull market, they may not position investors well when conditions - and opportunities - change.

It's time to break that cycle, and we think active asset management is a critical part of the solution.