Despite a decade of fierce debate over fees, many active equity managers in the UK have remained impervious to the global rise of passives. However, a growing bank of parlous historical data and changes in smart passive design may yet precipitate a great extinction, according to Nick Samuels.
The UK has not yet seen the same passive revolution as the US and the active manager remains a thriving species in the UK investment industry. According to the Investment Association, 76% of assets...
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