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Evening Standard

Business

Simon English

SHOCKING: The city fund dinosaurs still gobbling up billions for poor performance | Mind Blowing Facts

Abrdn City Alan Miller SCM Direct Vanguard

Big City funds are eating up 20% of the returns earned by small investors and face extinction unless they reform, analysis for the Evening Standard suggests.

Dubbed “investment dinosaurs” some of the oldest and grandest names in the City risk losing customers to cheaper funds which track the stock market or to the new breed of retail investor confident to pick their own shares.

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