Treasurers at both firms voice their firm belief in active management but acknowledge the cost benefits of ETFs and the impact they could yet have on active managers.
Investors should re-assess their approach to constructing equity portfolios now or risk posting disappointing returns.
Many investors monitor performance over too short a time frame, says Kevin Beatty, equity CIO of MFS. But they have lowered their return expectations, finds a survey by the US fund house.
It is crucial to identify which parts of an investment portfolio need treatment to make it work better. Here are some practical examples of weaknesses that could be detected earlier and need attention to fix.
Institutions are indicating that they may shift away from passive, index-driven investing, according to a survey carried out by Robeco and AsianInvestor in October.
Research published this week highlights the difficulties of emerging-market investing and suggests some broad strategies.