The first cohort of Assessment of Value (AoV) reports were "marking their own homework" after 97% of investment funds claimed to offer value to investors, according to Boring Money's Holly Mackay.
A review by Boring Money of the AoV reports from 26 asset management firms, which collectively fed back on 968 funds, found that 79% of the funds were found by the asset managers in question to be delivering good value. Another 18% of the funds were said to be delivering value but were being monitored or having some fee reductions implemented, leaving just 3% of funds deemed to be not delivering value. The value of value assessments: What next for AoVs? In contrast, Boring Money noted that research based on more than 11,500 responses from UK fund investors found that asset managers...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
