UK - Purchasers of variable annuities may have borne the brunt of losses out of the US market timing scandals, according to data from Lipper.
Looking at churn rates, redemptions as a percentage of average net assets, several funds registered over 1000%, suggesting that rapid market timing trades were rampant. The weighted average chur...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
