Passive funds consistently underperform both the index they are tracking and the average actively-managed fund over the long-term, T. Bailey claims.
While passive funds are marketed on their ability to access indices own performance, T. Bailey disputes whether they can actually track the index closely. The multi-manager boutique compared the performance...
Slow progress in improving diversity
Share purchase deal with assets of £28m
Came into effect in January
Three examples of compensation rule issues
Buying in baskets