Fund buyers and ratings providers have hit back at criticism by the Financial Conduct Authority (FCA) that passives are under-represented on buylists, saying investors have plenty of options both in the active and passive space.
In the interim report for its Asset Management Market Study, the regulator criticised platforms for favouring active funds over passives on recommended lists, and also said ratings providers award the...
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Our video series continues
In June 2016, immediately before the Brexit referendum, a curious thing happened.