Some people claim that active managers can capitalise on market crashes to beat the benchmark. But do they really save us from being savaged by bears? The analysts at S&P Dow Jones have been hard at work on their updated Index vs Active scorecard, and the numbers for 2022 are hot off the press. The latest data reveals that UK active funds experienced their worst underperformance on record. We dig into the report to find out why. And in today’s Dumb Question of the Week: Does passive investing work for Emerging Markets? Selected links SPIVA Europe Year-End 2022 | S&P Dow Jones Indices SPIVA U.S. Year-End 2022 | S%P Dow Jones Indices Get in touch ? mhr@pensioncraft.com ? many-happy-returns.captivate.fm Join PensionCraft ? Go to pensioncraft.com for all Ramin’s work ? Join PensionCraft's membership here pensioncraft.com/membership ▶️ Subscribe on YouTube Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2022 Many Happy Returns