Comment from Scott Treacy, research consultant at Investment Metrics

Historically, active managers have been able to make handsome gains in volatile conditions, such as we face now.

With markets buffeted by major geopolitical and economic worries as Russia invades Ukraine, we looked at how active managers have performed over the last decade to see where active management worked and outpaced benchmarks: which portfolios gave the most consistent performance, which underperformed, and which outperforming portfolios have capacity to take on further investment funds.

We examined 450 active...