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22/02/2017
 

CHECKYOURFUND.EU GOES LIVE – RESULTS OF CLOSET INDEXING STUDY NOW SEARCHABLE ONLINE


A little more than a week ago, Better Finance announced the results of its replication of the ESMA investigation into Closet Indexing. Following up on this announcement, today Better Finance launches www.checkyourfund.eu, allowing stakeholders and individual investors to go through the results of the research and, in some cases, find out whether their investments are potentially falsely active according to the ESMA criteria. The database of the 2332 available funds is easily searchable by simply entering a fund’s ISIN code. Whereas not constituting a fully comprehensive and conclusive analysis of closet indexing in Europe, the searchable database can be an important tool for individual investors seeking to avoid detriment and a first step in the identification of closet trackers.

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Better Finance
Better Finance
 
 
 
 
 
13/02/2017
 

Better Finance Replicates and Discloses ESMA Findings on Closet Indexing


Better Finance helps investors identify potential falsely active funds (“closet indexers”), and asks regulators to investigate further: It replicated the ESMA study on closet indexing and identified up to 165 equity “UCITS” funds that could potentially be closet indexers. ESMA would not disclose the names of the funds it identified as “potential equity closet indexing funds” in its investigation results released in February 2016 (see annex 3), leaving fund investors in the dark. This is why Better Finance decided to replicate the ESMA study as closely as possible and – using the same quantitative analysis performed by ESMA - to disclose the list of the sampled funds (attached), including those that are potentially “closet indexers” according to ESMA, and also those funds – more numerous - that ESMA did sample but did not analyse for lack of data. Better Finance used the same source as ESMA (the Morningstar fund database).

Categories: Research Reports, press_releases
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Better Finance
Better Finance
 
 
 
 
 
13/02/2017
 

Closet Indexing Study - Annex 1.E. - Potential Closet Indexers 165 funds


ANNEX 1E Better Finance helps investors identify potential falsely active funds (“closet indexers”), and asks regulators to investigate further: It replicated the ESMA study on closet indexing and identified up to 165 equity “UCITS” funds that could potentially be closet indexers. • Annex 1.A - List of All Funds (2332 funds) • Annex 1.B - List of funds with No Reported Benchmark (147 funds) • Annex 1.C - List of funds with Insufficient Data (1172 funds) • Annex 1.D - List of funds that are Potential Active Funds (848 funds) • Annex 1.E - List of funds that are Potential Closet Indexers (165 funds)

Categories: Research Reports, press_releases
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Better Finance
Better Finance
 
 
 
 
 
13/02/2017
 

Closet Indexing Study - Annex 1.D. - Potential Active Funds 848 funds


ANNEX 1D Better Finance helps investors identify potential falsely active funds (“closet indexers”), and asks regulators to investigate further: It replicated the ESMA study on closet indexing and identified up to 165 equity “UCITS” funds that could potentially be closet indexers. • Annex 1.A - List of All Funds (2332 funds) • Annex 1.B - List of funds with No Reported Benchmark (147 funds) • Annex 1.C - List of funds with Insufficient Data (1172 funds) • Annex 1.D - List of funds that are Potential Active Funds (848 funds) • Annex 1.E - List of funds that are Potential Closet Indexers (165 funds)

Categories: Research Reports, press_releases
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Better Finance
Better Finance
 
 
 
 
 
13/02/2017
 

Closet Indexing Study - Annex 1.C. - Funds with Insufficient Data 1172 funds


Annex 1C Better Finance helps investors identify potential falsely active funds (“closet indexers”), and asks regulators to investigate further: It replicated the ESMA study on closet indexing and identified up to 165 equity “UCITS” funds that could potentially be closet indexers. • Annex 1.A - List of All Funds (2332 funds) • Annex 1.B - List of funds with No Reported Benchmark (147 funds) • Annex 1.C - List of funds with Insufficient Data (1172 funds) • Annex 1.D - List of funds that are Potential Active Funds (848 funds) • Annex 1.E - List of funds that are Potential Closet Indexers (165 funds)

Categories: Research Reports, press_releases
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Better Finance
Better Finance
 
 
 
 
 
13/02/2017
 

Closet Indexing Study - Annex 1.B. - No Reported Benchmark 147 funds


ANNEX 1B Better Finance helps investors identify potential falsely active funds (“closet indexers”), and asks regulators to investigate further: It replicated the ESMA study on closet indexing and identified up to 165 equity “UCITS” funds that could potentially be closet indexers. • Annex 1.A - List of All Funds (2332 funds) • Annex 1.B - List of funds with No Reported Benchmark (147 funds) • Annex 1.C - List of funds with Insufficient Data (1172 funds) • Annex 1.D - List of funds that are Potential Active Funds (848 funds) • Annex 1.E - List of funds that are Potential Closet Indexers (165 funds)

Categories: Research Reports, press_releases
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Better Finance
Better Finance
 
 
 
 
 

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The latest edition of our report on Pension Savings is now available for download!

 

 

 

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