Funds that promise investors daily liquidity for assets that fundamentally aren't liquid are "built on a lie", Bank of England Governor Mark Carney has said.
Speaking to a Treasury Select Committee hearing on Wednesday, Carney said the structure of the open-ended funds "leads to an expectation of individuals that is not different than having money in a bank"....
Publishes consultation paper
Exploring the effects of shake-up
More emphasis on corporate governance and responsibility
quality growth equity and long-duration bonds dominate