A change in adviser remuneration structure is causing a structural shift in asset allocation away from active products towards more passive products such as exchange traded funds (ETFs) and passive funds, according to Fidelity Investment Managers. The above paragraph, taken from Money Management’s daily, isn’t quite true. Whilst I believe adviser remuneration restructure has some impact on …
Category Archive: Managed Funds
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Nov 30
My Least Favourite Hedge Funds
I’m always being approached by fund managers pitching their latest or greatest fund and many of them appear quite good with impressive people, performance, and/or process. Every now and then I see a fund that to me makes little sense and the latest to annoy me is the generic Asian Fund of Hedge Fund…I haven’t …
pub-5731955080761916
Sep 04
Active versus Passive net cash flow
I found the above chart in an article at marketwatch.com and it shows the net cash flows of both active and passive managed funds in the US over the last 10 years. As can be seen, whilst passive funds (or index funds) have had positive flows every single year, actively managed funds have had massive …
pub-5731955080761916
Aug 20
The often forgotten risk of active funds management
On Wednesday of this week (18 August), the portfolio management team of 452 Capital announced to Colonial that they are calling it quits (at an undisclosed date) and will no longer be managing their Australian Equity Funds. So of course, the Research Houses downgrade their ratings to Sell, Redeem, Hold etc (we moved to Sell) …