Gatekeepers tend to select single-strategy funds as building blocks in broader portfolios, so the presence of multi-asset funds on gatekeeper lists is usually to cater for one-stop shoppers on D2C platforms, for ISAs for example, or to satisfy the needs of smaller investments through advisers where they may be aimed (unfairly) at so-called less-sophisticated investors.
Proponents of the passive, index-tracking approach to equity investing often make their case by underlining the efficiency of stock markets. This is especially true of the US, where research and the speed with which information is translated into price movements can make stock selection a pointless exercise.
In a move that cements its position as a platform for high-net-worth investors and family offices, 7im has cut fees for investors with more than £2m on platform. From 1st April, investors with between £2m and £5m will see their fees fall from 0.15% to 0.08% for assets between £2m and £5m, while those with more than £5m will see fees drop from 0.15% to 0.05% on balances over £5m.
Following the recent release of the FCA’s Investment Platforms Market Study final report, the regulator has launched a consultation on the exit charge issue which will consider either a ban or cap on platform exit fees. The potential ban on the charging of exit fees by platforms will, the regulator believes, improve competition and make it easier for investors to switch platforms. Here we drill down into who charges and who doesn’t in the platform world.
We launched our Fundscape Fantasy Fund League mid January (click here to find out more) and this week we kick off our weekly series of meet the manager blog posts. This week it's the Choo Choo Revenue team managed by Jacques Ferreira, data analyst at Fundscape, (more about Jacques). Read on to find out why he picked his funds...
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