Neil Veitch, investment director and board member at SVM Asset Management, has warned there is an element of investors being 'penny-wise, pound-foolish' when it comes to analysing funds, with serious implications for the industry.
The manager, who runs a number of strategies including the £157m SVM UK Opportunities fund, said there is too much emphasis on minor changes in ongoing charges figures (OCF) and not enough on the value...
The US dollar is close to peaking and the risks now seem to be on the downside.
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