Lessons from America for the fund industry

Leader

The UK fund management industry often likes to look outside its own shores for future directions to ...

The UK fund management industry often likes to look outside its own shores for future directions to the US, and often, in our view, learns all the wrong lessons. But a trend has emerged in the US this year that the UK fund management industry might like to study and draw some conclusions from. It is reported the most successful fund management company in the US this year is likely to be American Funds, part of the Capital Group. This, in itself, is not extraordinary, although the group is currently outselling the US industry's two big hitters, Fidelity and Vanguard, when measured on a gro...