Markets & Economy The constructive case for active management

David Polak​

12 October 2026

What if the investing approaches that defined the last decade are less suited to the next?
 

David Polak explores why investor objectives, risk considerations and market dynamics may strengthen the case for active management.

David Polak is a senior equity investment director at Capital Group, representing Capital’s equity themes and capabilities as well as global equity strategies. He has 42 years of investment industry experience and has been with Capital Group for 20 years. He holds a bachelor’s degree in economics from University College London graduating with honors. David is based in New York. 

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Past results are not predictive of results in future periods. It is not possible to invest directly in an index, which is unmanaged. The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.
 
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.
 
Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organisation; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.