Monthly Archives: June 2015

18Jun 15

Closet Index Tracking – Funds sold as active but are really expensive passive fund clones

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

15Jun 15

Why more than a third of UK funds are leaving investors short-changed

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

15Jun 15

Closet tracker funds appear to double to 17

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

14Jun 15

‘Closet tracker’ funds more than doubled in the UK

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

10Jun 15

Interview: Gina Miller, co-founder of SCM Private

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