This is quite an interesting story, with many different angles to it: asset management styles (passive v. active), legal risk, ethics, etc. More material to be posted soon! The Aberdeen Asset Managament story is particularly noteworthy; close tracking or not, active asset managers find themselves under a lot of pressure.
. Madison Marriage & Attracta Mooney: “EU probe into asset managers uncovers potential mis-selling”, Financial Times, 2 February 2016.
. Madison Marriage: "Watchdogs attempt to force trackers out of closets", Financial Times, 16 November 2016
. David Rockets: "Name closet trackers, European regulator told", Financial Times, 8 February 2016.
. Attracta Mooney: "Aberdeen cuts fees on emerging markets fund", Financial Times, 8 February 2016.
. Lex: "Asset managers: out of the closet", Financial Times, 22 January 2016.
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