Over half of active funds in the UK close within 10 years
Fewer than half of all UK equity funds manage to survive longer than 10 years, according to the latest research from ratings agency S&P.
UAE and Saudi Arabia life industry face consolidation says S&P
Regulatory pressures and fierce competition will lead to significant consolidation of the life industry in the UAE and Saudi Arabia over the next two years, according to a report by S&P Global Ratings.
US equity bull market to keep on rolling: Morningstar
After a slow start, US equities gathered steam towards the end of 2016 to become the sector’s best performer, a sign that the durable US bull market keep on rolling.
Warren Buffett slams high fees, fetes Vanguard founder
Warren Buffett, the ‘Oracle of Omaha’, has attacked the high fees levied by active fund managers while lavishing praise on his “hero”, Vanguard founder Jack Bogle.