Daily Archives: June 17, 2009

Sophia Grene

FTfm has been talking about the technicalities of more abstruse exchange traded funds for a while, so it’s nice to see a lively debate going on across the blogosphere. Leveraged and inverse ETFs come in for a good spanking in particular.
While the good folks of IndexUniverse, Abnormal Returns and Seeking Alpha make some excellent points, it is important to bear in mind that the problems are mostly not with the plain vanilla ETFs most investors are using. It would be a pity if the move to low-cost passive investment were deterred by the problems of a few foolish investors in products they had failed to understand.

Ruth Sullivan

Survey shows plans to both fire and hire asset managers

Musical chairs: Survey shows plans to both fire and hire asset managers

One way or another asset managers are in for a bumpy ride this year as many are likely to be replaced.

At least that’s the scenario according to Mellon Transition Management, part of BNY Mellon Asset Management, which says a record number of global pension funds and endowments are planning to change asset managers as they try to reduce risk.

About the blog

FTfm is no longer updated but it remains open as an archive.

FTfm's specialist writing team offer their insights into the global fund management industry.

About the authors

Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.

Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.

Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.

Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.