SEI's Barbaneagra: Index providers are not incentivised to do the right thing
'Extortionate fees'
Eugene Barbaneagra of SEI
Index providers have a major impact on investors' costs yet they are not regulated or accountable for their work, warns Eugene Barbaneagra, portfolio manager at £638bn asset management firm SEI.
Speaking to Investment Week, Barbaneagra said index providers, such as FTSE Russell and MSCI, were running a "duopoly" in Europe meaning they could charge "extortionate" fees to investors. "If you think...
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