Value assessments show the “vast majority” of funds offer fair value under the stipulations laid out for the asset management industry under Consumer Duty, Peel Hunt says.
The latest sector outlook from the investment bank - published yesterday (2 October) - included the results of a review it had conducted of value assessments. Those compared covered both listed and private companies with Peel Hunt stating the results were not surprising given the subjective nature of the assessment and who is completing them. "The calculation of value is inherently subjective," it stated. "It is unsurprising that asset managers generally find that their own products offer value." However, the investment bank noted each asset manager was using "slightly different me...
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