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Rathbones' Coombs: 'If Dobell had a trust, we would buy tomorrow'
by Danielle Levy on Jun 05, 2014 at 08:06
Webb added: 'It is a very difficult decision as a chief executive to shut off a fund, a really difficult decision. And it is a very difficult to achieve as we don't have mechanisms that are easy to do that. When you have an open-ended fund, what are the mechanisms? You can slap on an initial charge, take them off all of the platforms. Would it not be easier to say we are closed to new business? Wouldn't that be a wonderful thing.
'I think what you are going to find in future is a greater view from the investment professional as to what they are capable of running in total size and businesses that really care about unitholders will shut capacity.'
He said two things to monitor are the size of the the inflows into a fund, alongside how fast the inflows are into a fund.
'These are two things to watch on the research side and as CEO of RUTM I am definitely watching. We would not hesitate to shut a fund or limit capacity in a fund.'
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by James Phillipps on Jul 25, 2014 at 14:49