News this past week
- Global stocks tumble
- Oil reaches lowest level since 2009
- South African rand tumbles
- Renminbi falls to four-year lows
- Japanese firms confident about prospects
James Klempster, CFA shares his view:
The inexorable rise in passive strategies over recent years is undoubtedly impressive. It has been fuelled by a heady mix of fee pressure at all levels of the investment value chain combined with patchy outperformance generated by active asset managers as markets climbed out of the post financial crisis trough.