Index trackers gaining

Index trackers now make up around 25% of all UK pension fund equity assets, according to William M M...

Index trackers now make up around 25% of all UK pension fund equity assets, according to William M Mercer European Pension Fund Manager's Guide 2000. This is as much a reflection of a more selective approach from the pensions industry to gaining equity exposure as it is a reaction to the underperformance of many active managers. Julia Hobart, head of manager advisory services at William M Mercer, said the rise reflected a growing distinction between exposure and added value with the industry becoming less tolerant of underperforming asset managers. Hobart said: "In the past, pension fund...