Cost most important factor in passive selections - research

A survey conducted by Legal & General Investments polling nearly 300 advisers in January found two-thirds (65%) cited cost as the most significant determinant when selecting a passive provider. "The result of this research highlights how important cost has become in a period of significant market volatility and straightened times," said Legal & General Investments managing director Simon Ellis. A third of survey respondents (33%) ranked reputation and longevity of investment provider as the highest-ranking factor, with a similar number (32%) citing range of passive funds. Almost tw...