Whither active management?

Author: Jackson, Charles

Source: Journal of Asset Management, Volume 5, Number 5, 1 February 2005 , pp. 293-304(12)

Publisher: Palgrave Macmillan

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Abstract:

This paper examines the link that exists within the investment industry between the skill with which an investment product is actively managed and investor demand for the product. It also examines the link that exists between fees charged and value added through active management. It presents evidence that these two links are closely related to each other. It also presents evidence that the success achieved in creating value for their investors by the products in a sector of the investment industry is directly related to the strength of these links in that sector. Finally, it proposes a method whereby, through strengthening these links, the investment industry can deliver skilful active management more effectively to its investors.Journal of Asset Management (2005) 5, 293-304; doi:10.1057/palgrave.jam.2240148

Document Type: Research article

DOI: 10.1057/palgrave.jam.2240148

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