Video exclusive: IMA chief hints at challenge of spotting active management 'skill'

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The skill of active fund managers "adds real value" to investors, but the market may need to improve at identifying that skill quicker, according to Investment Management Association (IMA) chief executive Daniel Godfrey.

In an exclusive video for Professional Adviser to kick off a new series called The Hard Questions, Godfrey tackles posers on the apparent march of passive investing, the impact of unbundled charges and the overall direction of fund pricing. A passive-only market, according to Godfrey, "would break down". "There are active managers who demonstrate that they can add value through their skill," he says. "Perhaps we need a market that is better at identifying skill quicker, but nonetheless there is definitely skill out there that adds real value to investors." > Read: Just how clean are c...

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