Graham Bentley

6

Graham Bentley: Why it’s worth revisiting structured products

Structured products could provide an alternative to targeted absolute return funds if advisers are prepared to look beyond their recent past. Last month I opined on targeted absolute return funds, suggesting that more than half the products struggled to beat their bare minimum objectives, let alone their benchmarks, more than half the time. Our research […]

Bentley-Graham-GBII-2013
6

Graham Bentley: Absolute return has had its day

Do you believe a return in excess of deposit rates, with no risk of loss and low charges, is a realistic investment aspiration? Returns are simply compensation for an investor’s loss of use of the money, and the risk of not being compensated is inherent in the transaction. Debt markets work on the basis that […]

Bentley-Graham-GBII-2013
1

Graham Bentley: Too many costly funds are doing the same thing

Competition and technology should have forced down prices for investors When, in 1931, M&G created the First British Fixed Trust, the UK’s – and indeed Europe’s – first unit trust, there were no Penguins. Penguins were first created in 1932. Yes, I was shocked too, until I realised that was the chocolate biscuit, not the […]

Bentley-Graham-GBII-2013
2

Graham Bentley: Closet tracker impact on active management is underestimated

It is encouraging to see the FCA close in on lazy fund management, but more needs to be done  Without fanfare, the FCA has confirmed its intention to  punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]

Bentley-Graham-GBII-2013
7

Graham Bentley: Fund manager fees witch-hunt misses the point

The anti-fund manager invective is misdirected. They are as confused as platforms and advisers when it comes to calculations.  Managing advisory investment portfolios has never been straightforward. The requirement to disclose transaction fees may very well see their demise. In principle, I am an advocate for transparency. It promotes accountability, and, as a former SEC […]