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...
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