Passives account for 10% of adviser platform assets - Platforum

In contrast, direct-to-consumer (D2C) platforms hold 8% of their assets in passives but with a higher proportion in ETFs - the split being 5% in tracker funds and 3% in ETFs. While few advisers (6%) had clients without any passives in their portfolios, Platforum said passives had not yet become the dominant type of fund. More than half of advisers invested a fifth (20%) or less of clients' portfolios in passives and fewer than one in seven advisers (15%) invested more than half of clients' portfolios in passives. Younger investors were also more likely to invest in passives, according...