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BMO Asset Management
Beware Passive Funds’ Secret Fees
Market News -
“We like passive funds, we are truly agnostic when it comes to active versus passive,” says Rob Burdett, co-head of the multi-manager team at F&C, part of BMO Asset Management. “But we are concerned that some adviser-led investors are actually paying more for passive funds than they would an actively managed solution – and are subsequently underperforming the market.” Instead, Burdett advocates a fund-of-funds approach – professional investors using actively...