Starts in January 2019
The dispersion of stock prices and the cyclicality of markets have generally been essential ingredients for the performance of traditional active managers.
Not competing with passives
Working with Ben Funnell
44% outperformed up from 28%
Shone a light on 'closet trackers'
Should focus on delivering outperformance
FundCalibre's Fund Management Equity index
Partner Insight: ETFs provide investors with the benefits of cost efficiency, broad diversification and an easier way to control their asset allocation.
Effective 1 January
Over a million indices globally
80% outperformed index
Need to ensure the industry has 'credibility'
JOHCM's Lambden: We want to ensure performance fees remain credible in the eyes of the FCA and clients
'We are going to be an increasingly regulated industry'
Effective from 1 October
Pushing margins down further
Educating investors on differences between active and passive funds
FCA Final Report due 28 June
New business flows down 80%
'Buyer beware' in the solutions arena
Loomis Sayles' Hamzaogullari: 'Passives are growing because most active managers are not active; they are cheating'
Active managers not delivering alpha