Just remember one thing very clearly: being an active manager is no guarantee that you have better risk management and/or returns than the index.
Want a prime example of this? Cahtie Wood: https://www.thestreet.com/investing/ark-cathie-wood-continues-stumble
Meanwhile in Australia, most active funds end up underperforming over the long-term. Fact: https://www.spglobal.com/spdji/en/spiva/article/spiva-australia/
This is not to say that active managers shouldn't be part of your portfolio, but as I keep saying, with this propensity to underperform, why would you invest in stock of an active manager? It's just not worth it.
Ann: Funds Under Management - September 2022, page-128
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