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The Assessment of Value regime is in its third year
Fund pickers and research firms have called into question the success of the Financial Conduct Authority’s Assessment of Value (AoV) regime, as the number of fund closures has remained the same over the past ten years.
Figures from Morningstar for Investment Week showed that since 2012, the average number of fund closures has been 146, with the highest in 2012 at 191. The figures further showed that last year was below...
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