Sitting down with Investment Week as his ten-year tenure at WTW as global chief investment officer was ending, Baker posited on the current state of the market.
Now chair of the Alliance Witan investment committee, where he leads the portfolio management team for the £5.3bn FTSE 100 investment trust, Baker admits it has been difficult to pull investors away from passive ETFs that track major indices because of the performance of active management compared to the index.
Alliance Witan NAV total return underperforms benchmark as discount narrows
“The index has been one of the harde…
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