The beauty of a well-run fund is that is should be forever young, writes James Klempster, who imagines what the asset management sector would be like if it sold products like tech companies do ...
I received an email a day or so ago from Apple trying to sell me the new iPad. Tech sales are interesting because, in essence, the purveyor of the object you bought from them all too recently is informing you that it is now a little bit obsolete. Sure, it still works reasonably well, but the newer version is incrementally better in every way. A little bit more powerful, a slightly better camera, slightly lighter and so on. Your view on the merits of this as a consumer are, of course, a matter of personal taste (and probably prosperity). But there are plenty of otherwise abstemious indiv...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
