A reasonably common, if not universal, belief is that New Zealand represents a favourable sharemarket for employing active management.
Much of the theory and some of the statistics tend to back this up, although not all the data is definitive. Further, the use of a research-based stock-picking approach can be more expensive than a passive alternative and has its own risks.
David Scobie, Principal at Mercer, revisits the case for active management and identifies key issues investors should factor into their decision process. Click to download the full report now.