Fund investors rotated into passive offerings during March, data from investment platform interactive investor (ii) showed, as the coronavirus crisis prompted a rethink of portfolios.
Eight of the ten most-bought open-ended funds by ii's retail clients were trackers or funds using passive strategies, as recent market volatility "puts the active versus passive debate back into the spotlight". As ever, the £16.7bn Fundsmith Equity and £6.7bn Lindsell Train Global Equity funds were popular, but the pair were the only two actively managed offerings on the list. 'Caution in the air' in February despite £1.4bn inflows into retail funds Vanguard's three more adventurous LifeStrategy mandates headed the passive charge alongside the firm's US Equity Index tracker. "Ag...
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
