In Mark’s blog Confessions of a Private Investor, he laid out his position as a top-down investor, with rebalanced asset allocation according to economic / market cycles. The momentum style used to
select funds that he invests in does have a lot of sense to it - selling the losers, picking up the winners and you outperform the index. I guess my
question is whether it’s really worth it? The time taken to analyse, screen, trade, monitor and, of course then the additional annual charges of the
One thing that FCA is good at is trailing its views. So it is that the Asset Management Market Study Final Report contains no real surprises. But lack of surprise does not mean lack of impact. These measures will certainly have that, especially on the pockets of fund managers. And not so much as a pause for breath before going into rule-making mode. CP 17/18 (CP17/18: Consultation on implementing asset management market study remedies and changes to our Handbook | FCA) is the start of the implementation process. ..