Tracker Funds Are Over, Time to Get a New Plan

However, Joe Wiggins, a behavioural investment expert and author of The Intelligent Fund Investor, argues that recent data has skewed our views on the active versus passive debate.
When the biggest companies in a market-cap weighted index are the ones that are outperforming, as has been the case in America recently, “the odds are stacked against an active investor”.

On the other hand, when an equal-weighted version of an index (where all the companies have exactly the same weighting) is outperforming, active funds have a better chance of beating it, said Wiggins.