Detlef Glow, head of EMEA research at Thomson Reuters Lipper, has said active managers need to start proving performance comparisons wrong by delivering outperformance instead of "moaning" about the risks of ETFs.
In a research note, Glow (pictured) said he could understand the reason behind investors moving away from active management following the performance of the average active manager over the past 20 years....
We are all tired of talking about backstops and customs unions and voting blocs, but Brexit chat still manages to get centre stage to the exclusion of all else.
How to create order amid a seemingly disorderly exit
Part of investment committee restructure
To be held in July
Lloyds share rise on results