Clearing the active passive fog around increasingly blurred lines
Post-RDR, the passive and active camps have both moved on, with debates around active share, index biases and cost all coming to the fore in the spirit of innovation.
Post-RDR, the passive and active camps have both moved on, with debates around active share, index biases and cost all coming to the fore in the spirit of innovation.
Speaking at the Federation of European Independent Financial Advisers’ Spring Conference 2015, David Itzkovits, head of investments at Sanlam Global Investment Solutions, said the average investor’s returns fall below the S&P 500 index every year by a significant amount due to their fund manager’s positive and negative emotions.
Smith & Williamson Investment Management has boosted its global and US equity offering with the recruitment of two senior fund managers.
Fund sales were muted in the first quarter partly due to mounting uncertainty among UK investors over the General Election, according to the latest Pridham Report.
Fidelity Worldwide Investment has re-opened its UK small-cap vehicle, two years after it was soft closed.
“Past performance is a guide to future returns,” says Lee Gardhouse, investment director at Hargreaves Lansdown. But, he is quick to add: “as long as you are looking at the right metrics.”
Gresham House’s net asset value per share fell 21% in the 12 months to 31 December 201, the firm revealed in its full-year results.
As the architect of Fidelity Worldwide Investment’s fixed income proposition whose team now numbers 73 and manages £49.6bn in assets, Ian Spreadbury represents a significant key man risk for the group.
Liontrust has hired a global equity team from BMO Global Asset Management in an effort to help meet growing demand for alternative investments.
FE Trustnet has broadened its offering with the introduction of a passive fund rating capacity to its repertoire.
Neptune Investment Management has broadened its UK equities offering with the launch of a distributing share class on both its UK Mid Cap and UK Opportunities funds.
The numerous headwinds that could easily buffet the European ex-UK sector during the next 12 months make the recovery seem fragile. But all is not lost.