Exchange traded funds are generally more expensive than many institutional index products and an unattractive long-term investment option for most pension funds, Watson Wyatt claims.
The consultant said ETFs could also have tax implications that require specialist advice and often contained counterparty risks which investors may not be compensated for. It said increasing dev...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date