Watchdogs rip up rulebook for building societies in growth boost Banking British building societies are in line for a deregulation boost after UK watchdogs announced a joint raft of initiatives aiming to power up the sector. Mutuals – which, contrary to banks, are owned by their members – are set to land a significant growth tailwind following a fresh report from the Financial Conduct Authority (FCA) [...]
Investment platform Freetrade looks to shake up the mutual funds market Business Investment platform Freetrade has expanded its fund range, marking the first serious push by a UK neobroker into the mutual funds market, City AM can reveal. The platform is adding over 300 funds initially to its platform, offering choices across strategies and asset classes for UK retail investors, with more set to follow shortly. It [...]
Mutual fund performance: a new way to pick a persistent winner Opinion A new academic paper introduces the MMT model, which improves upon standard methods by correcting for benchmark biases and incorporating peer performance, proving more effective at identifying persistent winner, writes Cesario Mateus, Irina B. Mateus and Natasa Todorovic In the ever-evolving world of finance, selecting mutual funds that consistently outperform the market is a challenge [...]