• How can active managers offer greater value to investors?

    It’s more important than ever for asset managers to understand their clients’ needs precisely before offering solutions. Allianz Global Investors is focused is solving our clients’ top problems by being more active, focusing more on non-financial ESG factors and making greater use of performance fees.

    published: 18 Apr 2018
  • Active managers' terrible year

    ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Active fund managers, who attempt to beat the market, suffered their worst performance in decades during 2014, while money flowed out to rival passive funds, which merely track market indexes. John Authers reports from New York on the trouble for active fund managers, and their plans to fight back. The latest global markets overview http://www.ft.com/markets Click here for more FT Markets videos http://video.ft.com/Ft-Markets For more video content from the Financial Times, visit http://www.FT.com/video Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes

    published: 22 Dec 2014
  • The markets need active managers - just far fewer of them

    https://sensibleinvesting.tv In this video blog, Weston Wellington from Dimensional Fund Advisors explains how study after study has shown there are no asset classes in which an active fund manager's skill can add significant value. The main problem, he says, is there are simply far too many active managers competing with one another. Transcript: Hello again. If you’re a regular viewer of Sensible Investing, you’ll know we don’t recommend using actively managed funds. Some say we overstate our case, that we somehow have it in for active managers. In fact neither of those is true. In a recent interview he gave us, Weston Wellington from Dimensional Fund Advisors explained how there’s no contradiction in having the utmost respect for active managers, while at the same time advising c...

    published: 14 Jan 2015
  • Do Active Managers Protect Your Downside? | Common Sense Investing with Ben Felix

    In this episode of Common Sense Investing, I will tell you why your active manager is not able to protect your downside. An active money manager might tell you that they are able to act defensively to protect your investments during a down market. While the thought of letting your portfolio fall with the market is unpleasant, there is no evidence of the ability of active managers to consistently offer protection from bad markets. My name is Ben Felix of PWL Capital and this is Common Sense Investing. I’ll be talking about a lot more common sense investing topics in this series, so subscribe and click the bell for updates. I want these videos to help you to make smarter investment decisions, so feel free to send me any topics that you would like me to cover in the comments section below...

    published: 19 Jan 2018
  • Why Active Bond Managers Are Succeeding

    Vanguard's Gemma Wright-Casparius cites manager skill in capturing credit premiums, along with low costs, as key drivers of outperformance. For all Morningstar videos: http://www.morningstar.com/cover/videocenter.aspx

    published: 02 May 2017
  • How Active Managers Can Successfully Navigate Industry Headwinds

    Joseph A. Sullivan, Chairman and CEO of Legg Mason, discusses how active managers can best position themselves in today’s changing industry landscape.

    published: 16 Oct 2017
  • Proof that active managers outperform

    In the investment industry, few debates are waged more intensely than that between "active" and passive" investing. As investors read media coverage about the futility of trying to pick stocks and the advantages of investing via ETF's instead, more and more are questioning the fees they're paying for investment advice. - See more at: http://www.clientinsights.ca/en/article/proof-active-managers-can-outperform#sthash.VnpmvGPs.dpuf

    published: 29 Jul 2013
  • Active Managers Adapt Tested Strategies Into New ETFs

    As the exchange traded fund industry enjoys greater and greater success, more traditional fund companies are eyeing the ETF space. For example, Natixis Investment Managers recently launched the actively managed Natixis Loomis Sayles Short Duration Income ETF (NYSArca: LSST) and also offers the Natixis Seeyond International Minimum Volatility ETF (NYSEArca: MVIN), which came out in October. "We wanted to come into the U.S. marketplace with an ETF that was really true to Natixis' DNA," Alex G. Piré, Head of Client Portfolio Management for Natixis, said at the Charles Schwab Impact Conference. "We're all about active management, active thinking."

    published: 04 Jan 2018
  • Asia investing for active managers 4 16 12

    published: 16 Apr 2012
  • Michael Khouw: How The Options Edge Tops Active Managers

    At MoneyShow San Francisco, Michael Khouw previews the future of financial tech for options investing that could outdo the world's top active managers. "People will not adopt this technology unless it outperforms even the best active managers. We're at about 95% right now. We have a deal with UBS, one of the largest private banks in the world. We expect to be collaborating with a lot of the top 10 banks as calculation agents. We have proprietary technology. We think partnering is the way to go." He's a co-founder of The Options Edge.

    published: 08 Sep 2017
  • Optimal Number of Active Managers

    https://www.activeallocator.com/publications/

    published: 09 Apr 2018
  • Long Term Returns for Active Managers

    (www.abndigital.com) So which is best: Pay an active manager and get the best of their fundamental views over time or try and approximate the markets return by going passive. The answer to this maybe has less to do with the actual style of asset management.

    published: 07 Aug 2012
  • Are there too many active managers?

    Original Publish Date: || Tue, 02 Dec 2014 09:50:11 GMT || Acccording to 10X Investment's chief executive officer, Steven Nathan, research shows that there are simply too many Active Managers. He joins CNBC Africa for more insight.

    published: 02 Feb 2017
  • 2017 Fink Investing Conference: Passive vs. Active Asset Management

    With a panel featuring Joshua Emanuel of Wilshire Funds Management, Meb Faber of Cambria Investment Management Inc. and Mark Hebner of Index Fund Advisors Inc., Professor Lars Lochstoer leads a discussion surrounding the benefits and drawbacks of passive versus active asset management at the 2017 Fink Investing Conference.

    published: 22 May 2017
  • Active vs. Passive Fund Managers

    Steve Johnson comments on the active verses passive fund manager debate on Sky Business.

    published: 04 May 2017
  • Small and mid caps - A fertile hunting ground for active managers

    Nicolas Faller What you need to know about small & mid caps: www.ubp.com/en/small-and-mid-caps

    published: 25 Oct 2017
  • 'Active' managers hug the index

    ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs UK asset managers are not being active enough, missing out on opportunities by passively tracking market indices, but still charging high fees. Gina Miller, founding partner of SCM Private, tells John Authers about the pitfalls of closet indexing For more video content from the Financial Times, visit http://www.FT.com/video Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes

    published: 02 Dec 2013
  • 7im is kicking the passive trend to focus on active managers

    7im is kicking the passive trend to focus on active managers Seven Investment Management (7IM) has bucked the trend of moving towards passive investing, increasing its focus on active managers as it says the time of “easy money” has come to an end. The firm believes that quantitative easing, where the government buys assets to stimulate the economy, has created a “flood of money” which has benefited passive funds and higher value listed companies. As this monetary policy shows signs of being ended by governments, 7IM has said “the stage is set for active ...

    published: 29 Jan 2018
  • Why 90%+ of Active Stock Fund Managers Underperform the S&P 500

    http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 Even professionals have a hard time beating the market. But a study of 2600 stock recommendations by market technicians vs. fundamentalists came to this "striking conclusion."

    published: 17 Apr 2017
  • Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

    http://sensibleinvesting.tv -- the independent voice of passive investing A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating: * how the claims of active fund managers to be able to beat the market are largely a myth * how costs are the biggest drag on performance - and why active costs more * how passive investing offers the best experience for the vast majority of investors * the benefits of a diversified portfolio in guaranteeing consistent returns * why passive investing is better for your health * why active investing has held sway for so many years.... * ... but why things may be changing * and why passive is the rational, mathematically proven route to investing success. Investing for the future... It's an issue none of can affo...

    published: 30 Nov 2012
  • How are active managers handling market volatility?

    http://sensibleinvesting.tv -- the independent voice of passive investing There are a handful of fund managers who have beaten the market in volatile times, but as BRWM's Richard Wood explains, they are extremely hard to identify and do not generally run retail funds. For more videos like this one, visit http://sensibleinvesting.tv

    published: 26 Sep 2012
  • Active Managers Open The Kimono

    Join the Elite Investor Club here - http://www.eliteinvestorclub.com/ http://www.grahamrowan.com/ - Visit my website for more Tips & Advice Subscribe to my channel for weekly videos. As passive funds start to out-perform the majority of their active peers, the managers who think they make a genuine difference are starting to fight back! When I interviewed Hargreaves Lansdown’s head of research Mark Dampier recently, he candidly admitted that ninety per cent of actively managed funds are rubbish. Perhaps the best indicator of all is Hargreaves Lansdowns Wealth One Fifty, the best funds chosen from the three thousand or so available to UK investors. As of today, they can only find ninety six funds to put in the Wealth one fifty. But he also made an important point. He said that passive...

    published: 26 Mar 2015
  • Active managers prove their value by providing solutions

    The rise of passive investing has changed the asset management industry profoundly, but Doug Eu says that does not make portfolio management irrelevant. To the contrary: Active asset managers can thoughtfully apply their skills towards finding solutions to clients' biggest challenges.

    published: 06 Sep 2017
  • Active Managers Poised to Beat Passive Funds Says INTECH Manager

    Index funds have had a nice run since 2008, but actively managed funds will soon have their revenge, said Richard Yasenchak, Client Portfolio Manager for INTECH. Yasenchak added that passive investing has actually been proven to be an inefficient means of deploying capital because it favors mega-cap, overvalued stocks, while active investing has the ability to rebalance as needed. He also said that passive investing is not truly passive because investors and managers are actively wagering that active management is going to remain out of favor. Furthermore, Yasenchak said INTECH's research has shown that active beats passive in modestly rising markets and down markets and tends to underperform in sharply rising markets. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For mo...

    published: 11 May 2015
developed with YouTube
How can active managers offer greater value to investors?
1:37

How can active managers offer greater value to investors?

  • Order:
  • Duration: 1:37
  • Updated: 18 Apr 2018
  • views: 10
videos
It’s more important than ever for asset managers to understand their clients’ needs precisely before offering solutions. Allianz Global Investors is focused is solving our clients’ top problems by being more active, focusing more on non-financial ESG factors and making greater use of performance fees.
https://wn.com/How_Can_Active_Managers_Offer_Greater_Value_To_Investors
Active managers' terrible year
5:57

Active managers' terrible year

  • Order:
  • Duration: 5:57
  • Updated: 22 Dec 2014
  • views: 848
videos
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Active fund managers, who attempt to beat the market, suffered their worst performance in decades during 2014, while money flowed out to rival passive funds, which merely track market indexes. John Authers reports from New York on the trouble for active fund managers, and their plans to fight back. The latest global markets overview http://www.ft.com/markets Click here for more FT Markets videos http://video.ft.com/Ft-Markets For more video content from the Financial Times, visit http://www.FT.com/video Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
https://wn.com/Active_Managers'_Terrible_Year
The markets need active managers - just far fewer of them
4:18

The markets need active managers - just far fewer of them

  • Order:
  • Duration: 4:18
  • Updated: 14 Jan 2015
  • views: 2035
videos
https://sensibleinvesting.tv In this video blog, Weston Wellington from Dimensional Fund Advisors explains how study after study has shown there are no asset classes in which an active fund manager's skill can add significant value. The main problem, he says, is there are simply far too many active managers competing with one another. Transcript: Hello again. If you’re a regular viewer of Sensible Investing, you’ll know we don’t recommend using actively managed funds. Some say we overstate our case, that we somehow have it in for active managers. In fact neither of those is true. In a recent interview he gave us, Weston Wellington from Dimensional Fund Advisors explained how there’s no contradiction in having the utmost respect for active managers, while at the same time advising clients to avoid them. Weston Wellington says: “It is very, very difficult to distinguish luck from skill. I’ll put another way, it’s very easy to persuade ourselves that we can identify great performing stocks or great performing money managers. If it were the case that it were so easy to identity terrific money managers we ought to be able to do it. But in study after study after study we just don’t find that evidence. I think we ought to emphasise when we are making these statements, this is not a suggestion that active money managers are someway incompetent or greedy or they are looking at the wrong things. If anything, it’s a vote of confidence, saying there were so many talented clever, hardworking money mangers out there, all flipping through the thousands pages of corporate reports and information, all that competition serves to drive prices quickly enough to their fair value that it eliminates the easy opportunities for anybody, smart or otherwise to gain an advantage.” We often hear that some markets are less efficient than others, that there are particular asset classes in which a fund manager’s expertise really can add value. So what does Weston Wellington make of that? “I would never argue that there are no situations where clever active management might be able to add some value. I just haven't found an asset class yet. When I hear that argument that seems to apply. The ones we hear most often are small company stocks that are somehow less well researched and therefore they have greater opportunity for active managers, or emerging markets. Now right away you run into two big problems. Number one, you still have a market place that consists of all the small cap securities or all the emerging market securities and you have the universe of investors holding theses securities. You still have the zero sum game problem. And from an empirical standpoint, when we go looking for evidence among actively managed emerging market or actively managed small company strategies we find no evidence what so ever that these managers have any greater ability in this market place. If anything, the data shows that they’re performing even worse.” Ultimately, of course, we need active fund managers to set prices. But that certainly doesn’t mean that every investor needs to use them. Weston Wellington says: “To the extent active money managers study companies, access whether projects are useful or not useful, reflect those assessments in security prices, they’re performing a social benefit. The real question is, how many active managers do we need to keep markets efficient to keep prices fair? All the evidence we have from these academic studies of manager performance suggests we have way more mangers than we need to keep the markets efficient.” That’s about all for now. Just time to remind investment professionals who share our evidence-based investing philosophy that we’re about to start producing regular educational content for advisers. If you’d like to subscribe, please contact Richard Wood. His email address is richard@sensibleinvesting.tv. That’s richard@sensibleinvesting.tv. Until next time, thanks for watching and goodbye. https://sensibleinvesting.tv
https://wn.com/The_Markets_Need_Active_Managers_Just_Far_Fewer_Of_Them
Do Active Managers Protect Your Downside? | Common Sense Investing with Ben Felix
4:15

Do Active Managers Protect Your Downside? | Common Sense Investing with Ben Felix

  • Order:
  • Duration: 4:15
  • Updated: 19 Jan 2018
  • views: 3748
videos
In this episode of Common Sense Investing, I will tell you why your active manager is not able to protect your downside. An active money manager might tell you that they are able to act defensively to protect your investments during a down market. While the thought of letting your portfolio fall with the market is unpleasant, there is no evidence of the ability of active managers to consistently offer protection from bad markets. My name is Ben Felix of PWL Capital and this is Common Sense Investing. I’ll be talking about a lot more common sense investing topics in this series, so subscribe and click the bell for updates. I want these videos to help you to make smarter investment decisions, so feel free to send me any topics that you would like me to cover in the comments section below. ------------------ Visit PWL Capital: https://goo.gl/uPcXg7 Follow PWL Capital on: - Twitter: https://twitter.com/PWLCapital - Facebook: https://www.facebook.com/PWLCapital - LinkedIN: https://www.linkedin.com/company-beta/105673/ Follow Ben Felix on - Twitter: https://twitter.com/benjaminwfelix -LinkedIn: https://www.linkedin.com/in/benjaminwfelix/
https://wn.com/Do_Active_Managers_Protect_Your_Downside_|_Common_Sense_Investing_With_Ben_Felix
Why Active Bond Managers Are Succeeding
3:57

Why Active Bond Managers Are Succeeding

  • Order:
  • Duration: 3:57
  • Updated: 02 May 2017
  • views: 306
videos
Vanguard's Gemma Wright-Casparius cites manager skill in capturing credit premiums, along with low costs, as key drivers of outperformance. For all Morningstar videos: http://www.morningstar.com/cover/videocenter.aspx
https://wn.com/Why_Active_Bond_Managers_Are_Succeeding
How Active Managers Can Successfully Navigate Industry Headwinds
2:38

How Active Managers Can Successfully Navigate Industry Headwinds

  • Order:
  • Duration: 2:38
  • Updated: 16 Oct 2017
  • views: 47
videos
Joseph A. Sullivan, Chairman and CEO of Legg Mason, discusses how active managers can best position themselves in today’s changing industry landscape.
https://wn.com/How_Active_Managers_Can_Successfully_Navigate_Industry_Headwinds
Proof that active managers outperform
5:15

Proof that active managers outperform

  • Order:
  • Duration: 5:15
  • Updated: 29 Jul 2013
  • views: 133
videos
In the investment industry, few debates are waged more intensely than that between "active" and passive" investing. As investors read media coverage about the futility of trying to pick stocks and the advantages of investing via ETF's instead, more and more are questioning the fees they're paying for investment advice. - See more at: http://www.clientinsights.ca/en/article/proof-active-managers-can-outperform#sthash.VnpmvGPs.dpuf
https://wn.com/Proof_That_Active_Managers_Outperform
Active Managers Adapt Tested Strategies Into New ETFs
3:20

Active Managers Adapt Tested Strategies Into New ETFs

  • Order:
  • Duration: 3:20
  • Updated: 04 Jan 2018
  • views: 39
videos
As the exchange traded fund industry enjoys greater and greater success, more traditional fund companies are eyeing the ETF space. For example, Natixis Investment Managers recently launched the actively managed Natixis Loomis Sayles Short Duration Income ETF (NYSArca: LSST) and also offers the Natixis Seeyond International Minimum Volatility ETF (NYSEArca: MVIN), which came out in October. "We wanted to come into the U.S. marketplace with an ETF that was really true to Natixis' DNA," Alex G. Piré, Head of Client Portfolio Management for Natixis, said at the Charles Schwab Impact Conference. "We're all about active management, active thinking."
https://wn.com/Active_Managers_Adapt_Tested_Strategies_Into_New_Etfs
Asia investing for active managers 4 16 12
5:37

Asia investing for active managers 4 16 12

  • Order:
  • Duration: 5:37
  • Updated: 16 Apr 2012
  • views: 7
videos
https://wn.com/Asia_Investing_For_Active_Managers_4_16_12
Michael Khouw: How The Options Edge Tops Active Managers
3:15

Michael Khouw: How The Options Edge Tops Active Managers

  • Order:
  • Duration: 3:15
  • Updated: 08 Sep 2017
  • views: 59
videos
At MoneyShow San Francisco, Michael Khouw previews the future of financial tech for options investing that could outdo the world's top active managers. "People will not adopt this technology unless it outperforms even the best active managers. We're at about 95% right now. We have a deal with UBS, one of the largest private banks in the world. We expect to be collaborating with a lot of the top 10 banks as calculation agents. We have proprietary technology. We think partnering is the way to go." He's a co-founder of The Options Edge.
https://wn.com/Michael_Khouw_How_The_Options_Edge_Tops_Active_Managers
Optimal Number of Active Managers
4:28

Optimal Number of Active Managers

  • Order:
  • Duration: 4:28
  • Updated: 09 Apr 2018
  • views: 0
videos
https://www.activeallocator.com/publications/
https://wn.com/Optimal_Number_Of_Active_Managers
Long Term Returns for Active Managers
15:53

Long Term Returns for Active Managers

  • Order:
  • Duration: 15:53
  • Updated: 07 Aug 2012
  • views: 48
videos
(www.abndigital.com) So which is best: Pay an active manager and get the best of their fundamental views over time or try and approximate the markets return by going passive. The answer to this maybe has less to do with the actual style of asset management.
https://wn.com/Long_Term_Returns_For_Active_Managers
Are there too many active managers?
6:27

Are there too many active managers?

  • Order:
  • Duration: 6:27
  • Updated: 02 Feb 2017
  • views: 1
videos
Original Publish Date: || Tue, 02 Dec 2014 09:50:11 GMT || Acccording to 10X Investment's chief executive officer, Steven Nathan, research shows that there are simply too many Active Managers. He joins CNBC Africa for more insight.
https://wn.com/Are_There_Too_Many_Active_Managers
2017 Fink Investing Conference: Passive vs. Active Asset Management
1:32:18

2017 Fink Investing Conference: Passive vs. Active Asset Management

  • Order:
  • Duration: 1:32:18
  • Updated: 22 May 2017
  • views: 5283
videos
With a panel featuring Joshua Emanuel of Wilshire Funds Management, Meb Faber of Cambria Investment Management Inc. and Mark Hebner of Index Fund Advisors Inc., Professor Lars Lochstoer leads a discussion surrounding the benefits and drawbacks of passive versus active asset management at the 2017 Fink Investing Conference.
https://wn.com/2017_Fink_Investing_Conference_Passive_Vs._Active_Asset_Management
Active vs.  Passive Fund Managers
7:22

Active vs. Passive Fund Managers

  • Order:
  • Duration: 7:22
  • Updated: 04 May 2017
  • views: 1819
videos
Steve Johnson comments on the active verses passive fund manager debate on Sky Business.
https://wn.com/Active_Vs._Passive_Fund_Managers
Small and mid caps - A fertile hunting ground for active managers
1:23

Small and mid caps - A fertile hunting ground for active managers

  • Order:
  • Duration: 1:23
  • Updated: 25 Oct 2017
  • views: 13046
videos
Nicolas Faller What you need to know about small & mid caps: www.ubp.com/en/small-and-mid-caps
https://wn.com/Small_And_Mid_Caps_A_Fertile_Hunting_Ground_For_Active_Managers
'Active' managers hug the index
5:14

'Active' managers hug the index

  • Order:
  • Duration: 5:14
  • Updated: 02 Dec 2013
  • views: 812
videos
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs UK asset managers are not being active enough, missing out on opportunities by passively tracking market indices, but still charging high fees. Gina Miller, founding partner of SCM Private, tells John Authers about the pitfalls of closet indexing For more video content from the Financial Times, visit http://www.FT.com/video Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
https://wn.com/'Active'_Managers_Hug_The_Index
7im is kicking the passive trend to focus on active managers
1:51

7im is kicking the passive trend to focus on active managers

  • Order:
  • Duration: 1:51
  • Updated: 29 Jan 2018
  • views: 0
videos
7im is kicking the passive trend to focus on active managers Seven Investment Management (7IM) has bucked the trend of moving towards passive investing, increasing its focus on active managers as it says the time of “easy money” has come to an end. The firm believes that quantitative easing, where the government buys assets to stimulate the economy, has created a “flood of money” which has benefited passive funds and higher value listed companies. As this monetary policy shows signs of being ended by governments, 7IM has said “the stage is set for active ...
https://wn.com/7Im_Is_Kicking_The_Passive_Trend_To_Focus_On_Active_Managers
Why 90%+ of Active Stock Fund Managers Underperform the S&P 500
2:53

Why 90%+ of Active Stock Fund Managers Underperform the S&P 500

  • Order:
  • Duration: 2:53
  • Updated: 17 Apr 2017
  • views: 302
videos
http://www.elliottwave.com/Investor-Research/Financial-Forecast-Service ?tcn=ytv1703 Even professionals have a hard time beating the market. But a study of 2600 stock recommendations by market technicians vs. fundamentalists came to this "striking conclusion."
https://wn.com/Why_90_Of_Active_Stock_Fund_Managers_Underperform_The_S_P_500
Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See
53:54

Passive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See

  • Order:
  • Duration: 53:54
  • Updated: 30 Nov 2012
  • views: 298473
videos
http://sensibleinvesting.tv -- the independent voice of passive investing A remarkable 54-minute film featuring some of the world's top economists and academics and demonstrating: * how the claims of active fund managers to be able to beat the market are largely a myth * how costs are the biggest drag on performance - and why active costs more * how passive investing offers the best experience for the vast majority of investors * the benefits of a diversified portfolio in guaranteeing consistent returns * why passive investing is better for your health * why active investing has held sway for so many years.... * ... but why things may be changing * and why passive is the rational, mathematically proven route to investing success. Investing for the future... It's an issue none of can afford to ignore. No one's job is safe these days... How would you cope if you lost yours? We're all living longer too... So are you saving enough to fund 25 years or more of retirement? Can you really afford to pay for your children or grandchildren to go to university - or help them onto the property ladder? And what about all those holidays you promised yourself? We entrust the vast bulk of our investments to fund managers. Here in the UK, according to Her Majesty's Treasury, the industry has more than four TRILLION pounds of investors' money under management. Fund managers invest people's savings wherever they see fit - mainly in equities, or shares in listed companies. They claim to be experts at making our making grow, using their expert knowledge to pick the shares that will outperform the market. But all too often the returns they produce are considerably lower than the average return of a benchmark index like the FTSE 100 - or the S&P 500 in the States. For veteran investment guru John Bogle, the problem is simple. Fund managers just aren't as smart as they like to think they are. As it means trading against the view of numerous market participants with superior information, buying or selling a security is effectively just a bet. So, whilst your fund manager might lead you to believe it's his knowledge or intelligence that enables you to beat the market, he's really no better than a gambler. So, you might be lucky enough to choose the right fund manager. But you could just as easily pick the wrong one. According to the financial services company Bestinvest, there are currently nearly £10 billion of UK investors' money languishing in what it calls dog funds - in other words, funds which have underperperformed their benchmark index for at least three consecutive years. Ultimately, of course, fund managers are businesses. They exist to make money for themselves. They want our business - even if it means persuading us to invest in a fund which they themselves wouldn't want to put their own money in. It's now time to look at what it actually costs us to invest. Fund managers are, of course, businesses. And, like all business, they have overheads. Running a big fund management company doesn't come cheap - esepcially when top managers earn around £2 million a year, including bonuses. And remember, it's you, the customer, who picks up the tab. Ultimately, though, fund managers need to make a profit. In fact they'e making around £10 billion from us every year - and that's regardless of whether or not they manage to produce a profit for us. Part of the challenge is working out exactly what we are being charged. Investors typically use something called the annual Total Expense Ratio, or TER, to compare the cost of investing in different funds. But, the TER excludes dealing commission, stamp duty and other turnover costs that can add considerably to the expense of investing over time. So, apart from those hidden charges, what else are we having to pay? More importantly, what sort of impact do charges have on the value of our investments? And the bad news doesn't stop there. Despite a marked increase in competition, management charges in the UK have been steadily rising over the last ten years. There are some encouraging signs for consumers. The FSA's Retail Distribution Review will require fund managers to be fairer and more transparent when it comes to charges. In the meantime, investors should be on their guard. For more videos like this one, visit http://sensibleinvesting.tv
https://wn.com/Passive_Investing_The_Evidence_The_Fund_Management_Industry_Would_Prefer_You_Not_To_See
How are active managers handling market volatility?
0:58

How are active managers handling market volatility?

  • Order:
  • Duration: 0:58
  • Updated: 26 Sep 2012
  • views: 55
videos
http://sensibleinvesting.tv -- the independent voice of passive investing There are a handful of fund managers who have beaten the market in volatile times, but as BRWM's Richard Wood explains, they are extremely hard to identify and do not generally run retail funds. For more videos like this one, visit http://sensibleinvesting.tv
https://wn.com/How_Are_Active_Managers_Handling_Market_Volatility
Active Managers Open The Kimono
4:10

Active Managers Open The Kimono

  • Order:
  • Duration: 4:10
  • Updated: 26 Mar 2015
  • views: 282
videos
Join the Elite Investor Club here - http://www.eliteinvestorclub.com/ http://www.grahamrowan.com/ - Visit my website for more Tips & Advice Subscribe to my channel for weekly videos. As passive funds start to out-perform the majority of their active peers, the managers who think they make a genuine difference are starting to fight back! When I interviewed Hargreaves Lansdown’s head of research Mark Dampier recently, he candidly admitted that ninety per cent of actively managed funds are rubbish. Perhaps the best indicator of all is Hargreaves Lansdowns Wealth One Fifty, the best funds chosen from the three thousand or so available to UK investors. As of today, they can only find ninety six funds to put in the Wealth one fifty. But he also made an important point. He said that passive and tracker funds have not universally performed well, in other words there are trackers and trackers. But he also said that the best fund managers substantially out-perform the passive funds and more than make up for the extra fees they charge. The dilemma for us investors is how do we recognise the star fund managers from the mediocre majority? Where do we look for them? Does their voice sound different? Do they look taller than the rest? I’m here to bring you some good news. We’re about to get a little help. The smart ones are going to start displaying called the ‘AS’. It stands for Active Share and its expressed as a percentage. What it means is that proportion of the fund’s portfolio that is made up of actively chosen shares, bonds or other asset classes. Specifically, it measures how much the fund differs from the benchmark against which its performance is measured. So, for example, if you measure yourself against the FTSE 100 and own every share in the index, you’re a closet tracker fund. Asking investors to pay four or five times the fees of an Exchange Traded Fund doing exactly the same thing is unlikely to make you flavour of the month. Mind you, that’s what some of the big name fund managers have been getting away with for years, including the high street banks, Scottish widows and the like. Now, some of the best managers in the market like the legendary Neil Woodford are differentiating themselves by publishing their Active Share score. Neptune, Baillie Gifford and Threadneedle are following suit, making it easier for us to assess how hard they are working on our behalf. The best managers will probably show an AS in the seventy per cent plus range, though in and of itself its not a perfect measure. Firstly, we need to know if the benchmark is the most appropriate for what we are trying to achieve. If you’re looking for a small cap fund and the benchmark chosen is the S&P five hundred you may not be in the right fund. And if the AS score is high it just means the manager is going way off beam of the index. He could be making inspired decisions or terrible ones. Only time and bottom line results will tell. But it feels to me like a sacred cow has been slain. It seems inevitable that we’ll see consolidation in the fund management sector as the closet trackers lose all their business to ETFs. The fact that a major player like Neil Woodford has risen to the challenge means that any other manager worth his salt must do the same. This can only be good for investors willing to pay higher fees for more inspired performance. If you’re invested in funds charging high fees with no visibility of their active share, be very careful out there!
https://wn.com/Active_Managers_Open_The_Kimono
Active managers prove their value by providing solutions
1:09

Active managers prove their value by providing solutions

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  • Duration: 1:09
  • Updated: 06 Sep 2017
  • views: 254
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The rise of passive investing has changed the asset management industry profoundly, but Doug Eu says that does not make portfolio management irrelevant. To the contrary: Active asset managers can thoughtfully apply their skills towards finding solutions to clients' biggest challenges.
https://wn.com/Active_Managers_Prove_Their_Value_By_Providing_Solutions
Active Managers Poised to Beat Passive Funds Says INTECH Manager
3:26

Active Managers Poised to Beat Passive Funds Says INTECH Manager

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  • Duration: 3:26
  • Updated: 11 May 2015
  • views: 81
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Index funds have had a nice run since 2008, but actively managed funds will soon have their revenge, said Richard Yasenchak, Client Portfolio Manager for INTECH. Yasenchak added that passive investing has actually been proven to be an inefficient means of deploying capital because it favors mega-cap, overvalued stocks, while active investing has the ability to rebalance as needed. He also said that passive investing is not truly passive because investors and managers are actively wagering that active management is going to remain out of favor. Furthermore, Yasenchak said INTECH's research has shown that active beats passive in modestly rising markets and down markets and tends to underperform in sharply rising markets. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
https://wn.com/Active_Managers_Poised_To_Beat_Passive_Funds_Says_Intech_Manager
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