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Stop horsing around. What is in our funds?!
The horse meat scandal has had some parallels in the investment world. You don't always know what is in your fund.
by Gavin Lumsden on Feb 22, 2013 at 10:49Follow @GHLumsden
The horse meat scandal sweeping the foods industry has had the amazing effect of making financial services look clean.
As things stand the outgoing regulator, the Financial Services Authority, looks like a paragon of efficiency compared to the other FSA, the Food Standards Agency. No one would have expected that in the wake of the banking crisis five years ago!
Actually the investment funds sector has a pretty good reputation. Compared to other financial sectors, most notably banks, fund management is clean, notwithstanding the frequent criticism of charges and performance.
But when things occasionally go wrong with investment funds the results can be spectacular. The fact is you can't always be sure what goes in your fund.
Next: Neigh lad
More about this:
Look up the funds
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