The Asian crisis of 1998 has raised a number of questions about the approach of fund managers in the ...
The Asian crisis of 1998 has raised a number of questions about the approach of fund managers in the region, according to Philip Warland, director-general of the UK Association of Unit Trusts and Investment Funds. Warland said that much of the criticism aimed at investment funds has come from the emerging economies themselves, with allegations that mutual funds pulled out and added to the instability. He said: "The figures generally do not bear that out. I might put the question the other way. Why were mutual funds in these economies in the first place and why did they not pull out earlier...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes