FCA Study: 'Tarring all active managers with the same brush is doing a huge disservice'

TD Direct Investing's McGrade responds to criticism

In response to the recent overt criticism of active fund managers - especially in the aftermath of the Financial Conduct Authority's (FCA) Asset Management Market Study, I would like to urge all parties to consider the negative impact this commentary is having on UK investor confidence, writes TD Direct Investing CIO Michelle McGrade.

In response to the recent criticism of active fund managers - especially in the aftermath of the Financial Conduct Authority's (FCA) Asset Management Market Study, I would like to urge all parties to consider the negative impact this commentary is having on UK investor confidence.  I absolutely agree that some in the active management industry charge too much and are not transparent about their fees - with too many more concerned with asset gathering than the results they provide for their investors. It is absolutely right to make them more accountable.   However, tarring all active m...