Above everything else, Marta Campello of the Spanish wealth manager Abante Asesores wants fund managers to be transparent. And if they are, that could make the difference between being ditched and being given a second chance.
A poll conducted by Expert Investor last year among more than 60 European fund selectors showed that active share is an important fund selection metric for more than 80% of them. However, very few fund houses regularly update investors about the active share of their funds. Should they be more open?
The European Federation of Financial Advisers and Intermediaries (FECIF) has said it firmly disagrees with a requirement in MiFID II for asset managers to provide clients with information on inducements paid to advisers.