Andy Davies: How relevant are benchmarks in a post-Brexit world?

Distinction between benchmark-driven and outcomes-based investing is vitally important

clock • 4 min read

If markets generally deliver uninspiring returns over the coming years, as Brexit's impact filters into the real world, asks Andy Davies, what does that mean for clients who still need to meet specific goals?

As I sat on a train recently, pondering the hysteria evident in post-Brexit markets, I found myself wondering why clients trust us to look after their hard-earned savings. After all, given the multitude of tools, information and technology available to them, surely they could just manage it themselves on any of the huge variety of self-serve platforms that exist. Every daily newspaper has a personal finance section, there are hundreds of websites giving detailed information on DIY investing and, with interest rates as low as they are and a real possibility they will head lower, there is ...

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