Passive still too expensive - Square Mile's Victoria Hasler

The investment research firm found 12% of passive assets in the IA UK All Companies sector are invested in just five funds which carry an ongoing charging fee (OCF) of more than 1%. In addition, the most expensive passive fund in the UK All Companies sector carries an OCF of 1.43% compared to 0.06% for the cheapest, highlighting the huge disparity between funds.  Victoria Hasler (pictured), head of research at Square Mile, said: "There still remains great disparity and given that the opportunity for passive funds managers to reduce tracking error and thereby enhance returns is limited...