FTfm on AV

 Some highlights from Monday’s FTfm

Asset chiefs fear EU’s activities tax
The asset management industry claims it bears no responsibility for the financial crisis, but it may be on the hook to foot part of the bill as the European Commission has thrown its weight behind a financial activities tax on an EU level. Read more

FTfm on AV

Some highlights from Monday’s FTfm,

The fund management industry is heading for a “massive rebalancing”
The proportion of global assets being managed passively is expected to rise from 15 per cent to 25 per cent over the next decade, according to a report by Citigroup and Create Research. However, the growth of passives will create anomalies and inefficiencies and this could help active managers prosper once more. Read more