This year has been a difficult one for many active funds, but, as ever, a select group of portfolios continue to be backed en masse by buyers looking to deliver outperformance for clients.
While 2014 has also been notable for surging inflows into a number of tracker products, the big continue to get bigger in the active space. The country’s two largest actively-managed retail funds, for example, are both now over £20bn in size and flows show little sign of slowing down. The Investment Management Association’s annual survey of the asset management industry, meanwhile, may have revealed fund flows are “unexpectedly” benefiting a number of boutique players, but the list confirms bigger groups continue to dominate when it comes to the very largest inflows. Full-year infl...
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