tracker

Fidelity Worldwide Investment has cut the price of its index tracker range, putting pressure on rivals who now charge more than double the price on some products.

Fidelity Worldwide Investment has moved to put pressure on rivals in the passive space with the launch of four low-cost index funds.

Fund buyers are selling their US passive holdings and buying into high conviction stockpickers as correlations in the market subside from historic highs.

Morningstar has launched qualitative research and ratings for passive funds for the first time, assigning a Morningstar Analyst Rating to 25 of the most popular index funds in the UK.

Hargreaves Lansdown is in talks with a number of fund groups to secure exclusive deals to sell their passive products at discounted prices.

Tracker funds' share of total industry funds under management hit a fresh record at the end of 2012, nearing 9% of FUM, according to the Investment Management Association (IMA).

Fund of funds accounted for a record level of funds under management at the end of Q3 this year, according to the IMA, up 18% compared to the same quarter last year.

L&G Investments is set to merge four funds it formerly managed for Barclays Wealth and Investment Management into existing in-house portfolios.

HSBC Global Asset Management has launched an RDR ready share class on its passive fund range.

Standard Life Investments (SLI) has handed its tracker fund range to passive investment house Vanguard Asset Management as it looks to focus on its active fund offering.