February 2015 we produced our second report on the growing practice by active funds of closet indexing – which in our view is nothing short of fraudulent behaviour. This short video explains the issue and our findings
Closet Index Tracking – Funds sold as active but are really expensive passive fund clones
(ifa.com – External Link)
Posted By: True and Fair, 6:00 pm
A report released by SCM Direct argues that a large number of funds investing in UK equities are simply expensive copies of index funds.
Why more than a third of UK funds are leaving investors short-changed
(Trustnet – External Link)
Posted By: True and Fair, 1:00 pm
The number of ‘closet tracker’ funds – those funds that charge an active fee but appear to be closely aligned to a benchmark – has more than doubled in a year, new research by Investment Adviser shows.
Closet tracker funds appear to double to 17
(FTAdviser – External Link)
Posted By: True and Fair, 9:00 am
The number of “closet tracker” funds that charge high fees for active management but do little more than mimic a benchmark has more than doubled in the UK over the past 12 months.
‘Closet tracker’ funds more than doubled in the UK
(Financial Times – External Link)
Posted By: True and Fair, 10:00 am
In May 2015 we spoke with Gina Miller, founding partner of SCM Private. We discussed the current situation and possible future trends in wealth management in the UK.
Interview: Gina Miller, co-founder of SCM Private
(Datamonitor – External Link)
Posted By: True and Fair, 12:30 pm