IA fund flows: Tracker funds hit record £3.8bn net inflow in April
Largest net inflows for the IA fund universe as a whole since August 2021
Largest net inflows for the IA fund universe as a whole since August 2021
UK equity strategies suffered £14bn net outflows over the year
Virgin charges investors 1% for a tracker fund that fell more than 10% in 2018
Saudi Arabia’s promotion from frontier to emerging market in FTSE Russell indices is an opportunity for short-term investors to take profits, while longer-term investors can take the announcement as confirmation the market is moving in the right direction.
Unsurprisingly, most of the responses hitting the inboxes of industry journalists through the course of an otherwise quiet Friday began with “welcoming” messages to the FCA interim report on the asset management industry.
Tilney Bestinvest’s clients continued to put money into US tracker index funds in October despite markets being spooked by the potential outcome of the presidential election.
The growing popularity of index investing is only just starting to be felt in the world of responsible investing but as the market for plain vanilla trackers becomes increasingly crowded, what does the future hold for ESG passive products?
The European Securities and Markets Authority’s (Esma) investigation into funds marketing themselves as active but in reality are passive, or ‘closet trackers’, underestimates the extent of the problem, according to UK investment boutique SCM Direct.
Latest statistics from the UK’s Investment Management Association revealed net retail sales of tracker funds reached £532m in July, the highest level since IMA records began in January 1992.