The latest report from platform and fund research house Fundscape has revealed that passive funds were the clear winners in 2019 fund sales in a tough year for many groups.

AJ Bell has launched a new fund adding a higher expected return option to its passive multi-asset range. 

A passives-only managed portfolio service has been launched by AJ Bell.

The passive fund industry has grown strongly over the last decade or so as investors have increasingly sought out lower-cost solutions and, in the case of the UK, due to the Retail Distribution Review.