What does the industry think? - 29 August

Added 29th August 2016

In a new weekly feature, FSA finds the only executives in Asia willing to go on record and comment on key investment issues. This week: passive investing.

What does the industry think? - 29 August

From January through June this year, investors removed $317bn from actively managed funds and pumped $373bn into passive funds. But passive investing, according to Sanford C. Bernstein research, is worse for society than Marxism.






“We are company-specific, bottom-up stockpickers and our investment strategy is not influenced by macro events like a sweeping revolution worse than Marxist-based communism. That said, we do act opportunistically to take advantage of such market dislocations to buy undervalued assets.”

Robert Ruderschmidt, portfolio manager, Overflowing Alpha Asset Management








“My retrocession fees are shrinking in correlation with the capital flowing out of active funds, but I’m offsetting that by going all-in on ETFs in my personal portfolio.”

Louie Zheng, head of discretionary mandates, Global Behemoth Private Bank






“The compliance department is at an offsite meeting and therefore we are unable to comment at this point in time.”

Buffy Leung, corporate communications, Absolute Zero Risk Investment Management (AZRIM)







“We are fully committed to delivering sustainable solutions for investors with innovative products suited to their risk appetite as they navigate through different market cycles. Therefore, we’ve developed a series of actively-managed funds that invest only in ETFs. Some will be Marxist-themed.”

Mark McGuffin, global head of product development, Investor-Centric Asset Management





“The worst part is, with no portfolio managers to position, the rise of passive funds means a reduction in marketing budgets."

Shelley Sim, head of marketing in APAC, SmoothTalk Fund Management Group



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