Active fund managers had the chance to “easily” beat passive funds in the first half of 2022 but failed to impress, according to financial research and investment management company Morningstar.

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.