Tracker funds' share of total industry funds under management hit a fresh record at the end of 2012, nearing 9% of FUM, according to the Investment Management Association (IMA).
Figures from the trade body show funds under management in trackers stood at £57.4bn by the end of last year, up 36% on the £42.3bn reported at the end of 2011. This rise helped trackers increase their...
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Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps
Revised from 0.3% to 0.2%