Square Mile Investment Consulting and Research has added a further 14 passive products to its Academy of Funds, awarding them each "Recommended" status.
The new additions, which include a number of products from BlackRock, Vanguard and Royal London, bring the total number of passive funds in the academy to 61. Its assessment identifies funds following a low-cost approach to approximate the average market return, which can be held for the long term. Funds achieving a "R" rating are typically run by investment companies that demonstrate a firm commitment to running passive strategies. Square Mile's Romer-Lee: The industry needs to ensure there is integrity at every turn They track an index suitable for retail investors, such as r...
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