Managers SOMETHING FOR THE WEEKEND Managers
If I had a pound for every time someone told me that UK fund managers are a special case, I’d be rich — even at recent, post-Brexit exchange rates.
OK, active funds are being trounced across the pond, the argument goes, but here in good old Blighty, and indeed in other parts of the world, there’s still plenty of alpha to be had. In fact, this is one of those asset management myths that ends up being repeated so many times that eventually even those who spread them in the first place start to believe them.
The evidence tells us something else entirely. S&P Dow Jones Indices has recently produced its latest SPIVA report on the performance of UK-domiciled, actively managed funds, and the data is truly damning. managers
Wealth with purpose managers
Here’s a must-read interview from our sister blog, Adviser 2.0. It’s with David Andrew, an evidence-based adviser from Western Australia, whose firm, Capital Partners, serves as an excellent model for a modern, client-focused advisory business.
In it he talks about his new book, Wealth with Purpose, the value of advice and the secrets of his firm’s success. It’s full of useful insights and practical advice for other ambitious advice businesses.
Read the interview with David here
Investing Demystified (Video 5/5) managers
Investing Demystified, our five-part video series for new investors, presented by Lars Kroijer, is finally at an end.
In the final video, Lars explains how to implement the simple, low-cost portfolio he talked about earlier in the series.
The People’s Trust managers
Shock horror! For the second time in a week, I’m going to feature a an active fund management company! No, I don’t endorse it, but I do think that, like Orbis Access, whose Director Dan Brocklebank I interviewed last week, The People’s Trust has an interesting business model which I’m hoping will have a positive impact on the UK fund management industry.
The People’s Trust is run by Daniel Godfrey, who was ousted as Chief Executive of the Investment Association in October 2015 after failing to convince its membership to agree to a range of consumer-friendly reforms.
Also worth reading..
The plumbing of investing (David Merkel)
Four meditations for investors (James Osborne)
Three verbs for a better financial life (Jonathan Clements)
The incredible shrinking fund managers (Jason Zweig)
One of the worst things you can do as an investor (Josh Brown)
“Vanguard is a good model for everything that is right in finance” (Ben Carlson)
Simplicity and low costs — that’s REAL pension freedom (Merry Somerset Webb)
Just because it’s called an index fund doesn’t mean it’s any good (Michael Batnick)
Our biases can have a huge impact — on ourselves, our portfolios and the markets (Sharpe Returns)
And finally.. Did someone say there’s an election coming up?
The US Presidential election — and why the price is our only crystal ball (Mark Hebner)
Elections impact on markets much less than you might think (Barry Ritholtz)
Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.
