The Evidence-Based Investor

No sales agenda. No marketing spin. Just the evidence.

How funds use IPOs to inflate performance

Posted by Robin Powell on March 15, 2017

As every TEBI reader knows, plain and boring, fuddy-duddy index funds are by far and away the best investment vehicles for long-term investors to use. But whether it’s cars, tech, fashion or investing, most of us prefer products that are shiny and new, and the fund industry knows this only too well. Larry Swedroe wrote an […]

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Face facts — self-regulation of UK asset management has failed

Posted by Robin Powell on March 14, 2017

With the final report of the Financial Conduct Authority on its study into competition in UK asset management due before the end of June, speculation is mounting as to its likely contents. I hear the fund industry has been lobbying hard to persuade the regulator to water down some of the proposals contained in the […]

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New Morningstar data adds to active management’s woes

Posted by Robin Powell on March 13, 2017

I’m often quoting data from SPIVA, the active management scorecard produced by S&P Dow Jones Indices. But there is an alternative record of fund performance, namely the Morningstar Active/ Passive Barometer. Each has its advantages and disadvantages. For example, SPIVA covers the whole world, while  the Barometer focuses on the US. On the other hand, […]

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#SFTW: The serious journalism investors have been crying out for

Posted by Robin Powell on March 10, 2017

SOMETHING FOR THE WEEKEND   For readers outside this sceptred isle, the big financial story here in the UK this week, aside from the Budget, has been the merger of two of our biggest asset managers, Standard Life and Aberdeen. No one likes to see people lose their jobs, but as you could imagine, I’m […]

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