Most investors either ignore emerging markets or hand their money to active managers who underperform. Academic research points to a better approach: factor investing in emerging markets, targeting the company characteristics that have persistently driven higher returns.
After six years, Neil Woodford faces a £5.9m fine - barely 4% of the £160m+ in fees he extracted from investors. With thousands losing their life savings in the fund collapse, this penalty is truly a drop in the ocean compared to the wealth destruction caused and personal enrichment gained.
TEBI
Aug 5, 20255 min read
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