Integral allocation for ETFs

  Tell us more about the philosophy behind Integral?  My long career in fund management means that I’m well aware of the advantages and disadvantages of active versus passive investing. The reality is that it’s extremely difficult to add value as an active manager if you have either a global mandate or you’re running a fund in a developed market like the US or the UK. Numerous studies of stock picking have shown that 90% to 100% of the value created in any portfolio is down to being in the right market at the right time. When it comes to total return investing or balanced investing, s...