Four things your clients will call you about this week

Active fund management If you notice your clients asking a little bit more about just how active their fund managers are, it may be because they read the Sunday Telegraph over the weekend. The paper explored the so-called "closet trackers" - actively managed fund which in reality do little more than mirror the FTSE index. It reported UK equity funds from Scottish Widows, Halifax, Prudential, Santander and Henderson have been found to have at least 90% correlation between their top 10 holdings and the FTSE 100's biggest companies, while still charging investors up to 2% a year on their inv...