The Evidence-Based Investor

No sales agenda. No marketing spin. Just the evidence.

Is cost becoming less important as fund fees fall?

Posted by Robin Powell on October 15, 2018

Fund fees remained stubbornly high for far longer than they should have done, but they’re finally coming down. Here in the UK, for example, research by Defaqto earlier this year showed how the average ongoing charges figure for a multi-asset fund has fallen 21 basis points in the last four years, from 1.34 to 1.13%. […]

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Perspective on the market wobble

Posted by Robin Powell on October 12, 2018

You may have noticed that global stock markets are having a bit of a wobble. Unless you’ve been sitting on the sidelines, waiting for markets to fall, these episodes are never very much fun. Even those with an evidence-based approach can benefit from a little perspective. Dimensional Fund Advisors have just released a video, presented […]

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Henry Tapper on the conflicts of interest in advising and training trustees

Posted by Robin Powell on October 9, 2018

One of the most exciting things about helping to campaign for greater transparency in UK asset management over the past few years has been the chance to be part of a community of highly motivated and principled people. The likes of Chris Sier, Andy Agathangelou, Con Keating and Gina Miller have devoted huge amounts of […]

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Manager risk and the impossible art of fund selection

Posted by Robin Powell on October 8, 2018

One of the main advantages of indexing is that it eliminates, at a stroke, one of the biggest risks that active investors face, namely manager risk. We’ve explained many times how the odds of beating the market through active fund selection are heavily stacked against you. To quote David Blake from the Pensions Institute in […]

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