Some highlights from Monday’s FTfm
Focused firms lose market share
Bank and insurance-owned asset managers lost market share in the UK last year, with independent fund managers elbowing the more diversified players aside
Cultural defects in the financial machine
There is a growing consensus that something is wrong in the culture of the financial and political elite that was partly to blame for the financial crisis
Esma calls for tighter ETF rules
Esma, the European regulator has proposed a comprehensive rewrite of the rules under which ETFs operate in Europe after it said that it was concerned that existing requirements did not take account of the risks associated with these products
Popular tail-risk hedging is under attack
Investors are rushing to use tail-risk hedging strategies to protect portfolios in case doomsday descends, but critics can see flaws
Profit potential of ETFs revealed
BlackRock’s latest quarterly earnings report revealed a 43% rise in 2nd quarter profits and a look at its ETF business explains much of the growth, says Pauline Skypala
It all worked better in the early days of capital investment
Investment was more of a joy in a world without quantative easing, indices and three-monthly performance figures, writes John Plender
Panning for gold in mining shares
John Dizard looks at the relationship or not between gold prices and gold mining stock values
Test times ahead as feast ends
Investors are struggling to find sweet spots for their savings as the post-financial crisis rebound looks set to stall, says Diana Mackay