Double charging has reduced, while management of style exposure and their status as capital gains tax havens are attracting greater interest from advisers
Funds of funds are becoming increasingly popular within the investment management universe. This is apparent through the continued momentum in sales and the increasing number of funds available. The reasons for this increase in popularity are in the main fairly straightforward. Investors have suffered over the last few years not only from a prolonged bear market but also from a volatility of investment performance not previously experienced. Combined with the continued trend of investment company mergers and high-profile fund manager defections, this has hit confidence hard. Under...
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