Actively managed funds continued their dominance over index-tracked peers, with the former rising 22.38% for the 12 months ending at the end of February, compared with a 21.27% increase for the latter, according to Lipper. The research company says the more expensive actively managed funds have recorded the strongest gains over a five-year period, and that in the past year the oldest individual fund in that group, Old Mutual UK Select MidCap Fund, has soared 39.11%, while the best performer in the index-tracking group, HSBC FTSE 250 Index Fund, grew by 31.96%.