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Manager Research

Australia Active/Passive Barometer

A Balancing Act: Where Actives Ascend and Where Passives Prevail

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Morningstar’s latest Australia Active/Passive Barometer dives deep into the performance of over 800 investment strategies across nine major categories from equities to bonds to real estate. This comprehensive study reveals where active managers are thriving, where passive strategies dominate, and why survivorship and manager selection matter more than ever.

Morningstar Superannuation Solutions

Download this report for key insights on:

  • Which categories reward active management and which punish it
  • The surprising impact of survivorship bias on long-term returns
  • How top-quartile managers are reshaping the narrative
  • Why passive funds continue to gain ground in key segments

Whether you're an asset owner, adviser or fund manager, this report offers critical insights into the evolving dynamics of Australia’s fund landscape.

© 2025 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This report has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or New Zealand wholesale clients of Morningstar Research Ltd, subsidiaries of Morningstar, Inc. Any general advice has been provided without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar’s full research reports are the source of any Morningstar Ratings and are available from Morningstar or your adviser. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782.

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