RDR focus on cost ‘will see closet trackers ousted’

‘Closet trackers’ will be ousted as the RDR’s focus on investment costs causes clients to demand genuine alpha managers, according to experts.

“Panelists at this week’s FT Intermediary Forum (pictured) said the spotlight will turn on active fund managers who fail to deviate from benchmark indices, as clients are increasingly made aware of the true cost of their investments under the RDR.”

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