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Professional fund managers may often be heard to say that they are “not benchmark cognisant”. This group of high conviction investors typically charges a premium fee to undertake active management of an investment portfolio. To avoid being labelled as “index closet huggers” or frauds, active fund managers should construct portfolios that differ materially from the composition of a market index.
“There are causes worth dying for, but none worth killing for” – Albert Camus.
A survey released by EY today, indicates that confidence in the asset management industry fell again in the second quarter of 2014, despite the local stock market hitting new record territory throughout the quarter.
Summary of retail rand-denominated unit trust and FSB-approved foreign collective investment scheme returns, fund ratings and management company ratings for the quarter ended 30 June 2014.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?