Tracker Fund
European closet tracker investigation ‘flawed’
The European Securities and Markets Authority’s (Esma) investigation into funds marketing themselves as active but in reality are passive, or ‘closet trackers’, underestimates the extent of the problem, according to UK investment boutique SCM Direct.
United Kingdom | 27 Aug 14
Tracker funds see record net retail sales IMA
Latest statistics from the UK’s Investment Management Association revealed net retail sales of tracker funds reached £532m in July, the highest level since IMA records began in January 1992.