How expensive is active investing? Rising fund management charges, many of which are hidden, have a massive effect on the returns investors receive. For putting up 100% of the capital and 100% of the risk, investors receive only around 30% of the market return. Who gets the 70%? You've guessed it...
Including contributions from John Bogle, Tim Hale, Bill Bernstein, Jasmine Birtles, Prof Anthony Neuberger and Prof Stephen Thomas.