Gavin Haynes, managing director at Whitechurch Securities, has been increasing the allocation of passive products across the firm's discretionary fund management (DFM) proposition over the past few years as a result of the widening "gulf" in costs between active and passive vehicles.
Speaking to Professional Adviser's sister publication Investment Week, Haynes said passive strategies made up roughly 25% of the portfolios, whereas just a few years ago they made up less than 10%...
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