Ever wonder why analysts earning predictions usually hover around roughly the same figures? The guys over at J.P. Morgan Asset Management (JPMAM) did, and their answer has nothing to do with the numbers.
"Herding is the [behavioural finance] concept that all of us are comfortable in a pack," JPMAM head of the Dynamic fund range team Jon Ingram told delegates at a Morningstar conference. "Herding is...
The forces at play in investment - most obviously, regulatory change, uncertain markets and shifting demographics - are as strong today as they were when Professional Adviser launched its sister magazine Multi-Asset Review in 2017.
Regulator has visited some firms already
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Chris Hill's letter to Treasury
Cash balance surges