Research carried out by Square Mile has indicated investors are paying up to 16 times more than they need to for passive investments.
The investment research firm found 12% of passive assets in the IA UK All Companies sector are invested in just five funds which carry an ongoing charges figure (OCF) of over 1%. Meet the Investment Influencers: Square Mile's Richard Romer-Lee In addition, the most expensive passive fund in the UK All Companies sector carries an OCF of 1.43% compared to 0.06% for the cheapest, highlighting the huge disparity between funds. Victoria Hasler (pictured), head of research at Square Mile, said: "There still remains great disparity and given that the opportunity for passive funds manager...
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