Cass: Funds must disclose underlying holdings to make active share a reality

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Dr Nicholas Motson, a lecturer in finance at the Cass Business School, has called for greater disclosure of fund holdings to allow researchers to calculate retail funds' 'active share'.

The idea of active share – the extent to which funds’ holdings differ from the make-up of their benchmark – has gained traction this year as investors seek to root out “closet trackers” – funds whi...

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