Category: Fund Analysis

Monday Morning Memo: A Brief View of Measures to Identify “Closet Trackers”

Detlef Glow, Head of EMEA Research, Lipper

A topic widely discussed in the European fund industry is actively managed funds that seem simply to follow an index without adding value for investors, while the management company charges fees for active management—so-called closet trackers. For me it is clear that active funds should add value to investors, either by reducing the risk attached to the market or by generating outperform

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