Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a722882

Autumn Statement: passive/active war takes twist as ETF stamp duty cut

by Eleanor Lawrie on Dec 05, 2013 at 12:07

'The Autumn Statement doesn’t state if this affects mutual funds or not. If it doesn’t then this is a major advantage for ETFs as they will cost even less and track better compared to mutual funds,' he said.

'The one puzzling statement is that the expected result is fund companies will base ETFs in the UK now. I really don’t see this happening and suspect fund companies will continue to domicile in Ireland and Luxembourg.'

Nick Hungerford, Nutmeg chief executive, said his key concern was whether the savings would be passed on to customers.

'This is really good news but any reduction in costs has to be passed on to customers, not used to increase profit margins,' he said.

Mr Hungerford noted there was a growing trend in ETF investing, but that the UK was still behind other countries, offering less choice to investors. 

Sign in / register to view full article on one page

2 comments so far. Why not have your say?

Da Bear

Dec 05, 2013 at 15:40

Good article

report this

Chris Taylor, MD, The Investment Bridge

Dec 05, 2013 at 20:05

My thoughts as well: a notably good article, with excellent industry inputs...

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet