267%: that’s the return of the MSCI World over the past decade and the magic number for active managers have been trying to beat.
While the MSCI World index only covers developed markets, we use it here as a reference point for global equity investors both to assess performance and as a yardstick for regional and sector investors over the past decade.
It shows how difficult it has been to beat the index in an environment where a handful of technology giants have dominated returns. However, plenty of skilled fund managers have found a way.
It has been an unusual decade. The long-t…