Cass: Funds must disclose underlying holdings to make active share a reality
Dr Nicholas Motson (pictured), a lecturer in finance at the Cass Business School, has called for greater disclosure of fund holdings in order to allow researchers to calculate retail funds' "active share".
The idea of active share – the extent to which funds’ holdings differ from the make-up of their benchmark – has gained traction this year as investors seek to root out “closet trackers” – funds which charge...
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