Investors are fleeing active funds and star managers like Britain’s Neil Woodford have fallen from grace. It’s worth nothing that historically, it has always been difficult for a stock-picker to beat the market.

Index funds, with their sterling performances and lower fees, have quietly stolen the thunder from managed funds. The next financial meltdown could, perversely, be a chance for managers to show they are still worth investing in.

With uncertainty at a record high amid the ongoing US-China trade war, it’s worth remembering that analyses of market performances consistently show the need to stay invested throughout the highs and lows.