Wonderwall Street Bets: This Passive Fund Excels Since Oasis Split

2 min read | August 28, 2024 01:13 AM AEST | By Team Kalkine Media

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Wonderwall Street Bets: This Passive Fund Excels Since Oasis Split — Image source: shutterstock

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Investors who opted for passive funds and technology stocks have outperformed those who chose actively managed funds since Oasis announced their split in 2009. This insight comes from data provided by Charles Stanley, adding to the growing body of investment analysis coinciding with Oasis's recent announcement of their first series of tour dates in 15 years.

Rob Morgan, Chief Investment Analyst at Charles Stanley, highlighted the performance disparity between active and passive funds by reviewing the total returns of the ten best-performing funds registered with the Investment Association since August 2009. This period marks the end of Oasis’s run as a band, with the Gallagher brothers parting ways both musically and personally.

Leading the pack is the L&G Global Technology Index Trust, which has turned £1,000 into £14,850 over the past 15 years, reflecting an impressive 1,385% return. This fund has significantly outpaced its actively managed counterparts, such as Janus Henderson Global Technology Leaders, which converted £1,000 into £11,952, achieving a 1,095% return.

Despite this, several actively managed funds also performed strongly. The AXA Framlington Global Technology fund turned £1,000 into £11,273, reflecting a 1,027% return. The UBS US Growth fund and AXA Framlington American Growth fund achieved returns of 988% and 878%, respectively, with £1,000 converting into £10,879 and £9,782.

A common thread among the top-performing funds, whether active or passive, is their focus on the so-called Magnificent 7 US tech stocks: Microsoft Corp (NASDAQ:MSFT), Google parent Alphabet Inc (NASDAQ:GOOG), Amazon.com Inc (NASDAQ:AMZN), Nvidia Corp, Facebook-parent Meta Platforms Inc (NASDAQ:META) and Tesla Inc (NASDAQ:TSLA).The valuations of these technology giants have soared over the past 15 years, with their growth further accelerated by the recent AI boom.

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