July 21, 2005

Future of Fund Mangement and Related Issues - Dr Patrick Dixon for ICBI 2005

Future of Fund Mangement and Related Issues - Dr Patrick Dixon for ICBI 2005

Here is a strange thing. In my experience it is rare to find fund managers who are confident they can outperform tracker funds, or who actually have a significant proportion of their own wealth tied up in their own actively managed retail equity funds, or who would recommend such retail investment products to their own family or friends.

Quite the opposite, as a straw poll identified during my keynote for ICBI. Most fund managers seem to think that their products offer poor value for money - with charges of maybe more than 2% each year on gains of maybe 4% in a good year and less than 1% in bad.

A misselling scandal waiting to happen?
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