Active funds vs passive: Is active management still relevant?

The ‘active versus passive’ debate is one that has raged for over two decades, with one investment style broadly dominating the other at any given time. Active fund management relies on a skilled stock picker to select the investments for the portfolio. These carry higher fees and, in theory, ought to deliver better returns than simply tracking an index. But the ongoing trend of passive fund outperformance is calling this into question.The spirit of diversification suggests rather th