Trustee groups I work with face a number of choices when implementing an investment strategy. One important decision is whether to use passive or active investment managers.
Passive managers simply look to replicate a particular index. For example, for broad exposure to global equities, trustees could use a low-cost passive fund to replicate the performance of the Ftse World equity index, a global equity index of over 2,500 companies
Active funds, on the other hand, aim...
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