Advisers have criticised fund houses for jumping on the bandwagon and launching 'fad' funds at the peak of markets when they have little or no experience in running funds in the sector.
Of the 122 funds launched since June 30 2007, just 14pc have provided investors with a positive return (Lipper figures over one year). The launches include property funds as well as funds aiming to capitalise...
'Right thing to do'
£69m spent on upgrades
European fintech market 'underserved'