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.
Date: 22nd February 2017
Author: BETTER FINANCE, BETTER FINANCE
Type: Press Releases
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