The FT asked me to comment for this story about poor performance from UK fund managers to date in 2016.

Active fund management is under fire at the moment, although can continue to play a valuable role as part of a balanced investment portfolio.

I also told the FT that assessing the performance of funds over a one year period might be considered short-sighted; investing is a long-term activity and it's important not to be swayed by what happens during shorter periods of time.

In some circumstances, it makes sense to use index trackers to invest money at very low cost and get returns equivalent to the market.

When using actively managed funds, cost is still a consideration. We also look for consistency, high active share and risk-adjusted returns as indicators of how suitable a fund might be.