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

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...