Threadneedle's Fleming: Active fund fees resist price pressure

Active funds

Actively-managed retail funds have resisted pricing pressure more strongly than their passive rivals, according to Threadneedle chief executive Campbell Fleming.

Speaking at Investment Week's Fund Management Summit last week, Fleming (pictured) referred to Boston Consulting Group data showing fees on actively managed retail equity funds fell by just 3% last year, compared with a 23% fall for passive equity fund fees. Most notably, asset managers have taken advantage of the growth of multi-asset by raising fees on the product set by 12% over the same period, the figures show. The data is from consultancy's global figures, and therefore may not capture the impact of RDR in the UK, and Fleming said the real opportunities for active managers may b...