European active funds navigate testing times

In 2025, active managers faced significant challenges, as evidenced by the distinct uptick in one-year success rates for active equity managers (31.2%) and fixed-income active managers (55.8%). Their ability to adapt and rebalance portfolios allowed them to recover and slightly hover above the end-2024 success rate. This highlights the potential benefits of active management in navigating turbulent markets, and underscores the risks involved. The latest European Active/Passive Barometer report analyses nearly 32,000 unique active and passive European-domiciled funds across a range of categories,...