Addressing what seems to be quite a hot topic of discussion within the financial world!
Following on from my initial posts, today I discuss the “Woodford Saga” in more detail, and how it is currently circulating the industry.
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For the last few years, we have published an annual study of the multi-asset fund universe. The result of our latest study is as heart-wrenching as previous years; the overwhelming majority of multi-asset fund managers don’t add any value through their asset allocation and fund selection. In fact, they detract from value.
The 2019 installment of the FinalytiQ Multi-Asset Fund Report is an in-depth analysis of 89 fund families, consisting of 391 multi-asset funds, which collectively hold £125.7bn of client money.
The vast majority of multi-asset funds continued to under-perform the No-Brainer portfolios on a risk-adjusted basis. Over a 5
The formation of Vanguard largely went unnoticed by the press. Today, one searches in vain for any recognition in the financial media that a new company had been born, let alone a new company that had broken the traditional rules of mutual fund structure.Then again, nobody in 1974
The news of the passing of legendary investor Jack Bogle nearly brought a tear to my eye. I’ve personally never even met St. Jack (as he’s endearingly referred to) yet the man still had an immense impact on my life and career and I know many advisers will feel the same.
Such is the impact of Bogle on my own family finances that as soon as our twin daughters were born a few months ago, I set them up with Vanguard accounts within weeks!!! But a lot of what we do at my shop FinalytiQ comes from Jack’s ideas and … More →
Contrary to what you might have read in the papers, 2018 was a pretty uneventful year for the UK stock market – and indeed, the global market as a whole.
While the financial media appears to be up in arms about the negative return experienced by most major stock market indices in the past year, this sort of temporary decline should be expected, and dare I say welcomed?
Historical data shows that, over the last 100 years, UK Equity ended with a negative return in around one in four calendar years. (This is also true for US and global stock
We’re delighted and honoured to announce that Professor Elroy Dimson from Cambridge University will deliver a keynote at the Science of Retirement Conference on Thurs., 28th February 2019 at the Science Museum, London.
Jack Bogle once said that ‘investment professionals who take their careers, their responsibilities, and their fiduciary duty seriously must have a deep understanding of financial history.’ Elroy Dimson has done more than almost anyone alive today to enhance our understanding of the history of capital markets.
Professor Dimson has unparalleled insight into the behaviour of asset classes. Together with his colleagues Paul Marsh and Mike
If you wish to lower the volatility of your portfolio, stop looking at it so often.
— Rick Ferri, CFA (@Rick_Ferri) October 27, 2018
‘We have been growing customers for General Motors’ observed Lewis Crusoe, a vice-president of the Ford Motor Company in the 1950s.
Mr Crusoe was talking about a well-known problem at the company; low-income Ford owners were trading up to a medium-priced car from its big rival General Motors, as soon as their earnings rose above a certain level.
To address this problem, Ford invested over $250 million to design a new model, the Ford Edsel, especially aimed at the mid-market.
It was launched amidst an obscene fanfare and Ford expected to sell 200,000 Edsels in the first year alone. Well,
Should advisers use free – but often inferior – tools offered by platforms and product providers, or should they pay for best-of-breed, independent tools available in the marketplace?
This debate has raged among advisers for a long time.
The FCA might have inadvertently settled this debate in its interim report on the platform market study (MS17/1.2). The regulator’s focus here is on whether platform tools have clear direct or indirect benefits for consumers, or whether they have any potential to incentivise advisers. In this case, the risk is that advisers would be less likely to act in the best interests
Today, we publish our Multi-Asset Fund Guide 2018 titled Dysfunctional Families. This guide is an in-depth analysis of 91 fund families consisting of 402 individual funds in which a £148bn of client’s money is invested.
The story of the cobra in India during British colonization is a surprisingly valuable one when it comes to multi-asset funds.
The venomous creature was a constant irritation to the Brits, given their lack of familiarity with the species. To rid this newly inhabited land of cobras, the colonial administrators devised a cunning plan: they offered a bounty for every dead cobra! The plan was
