Rebates, research and the hidden workings of the ETF market
There are some words in financial services – from “guaranteed” to “uncorrelated” – that should set alarm bells ringing. Historically, “rebate” has been one of them. Anyone who remembers the pre-Retail Distribution Review world of fund supermarkets, platform payments and distribution incentives could be forgiven for assuming that the investment industry had broadly learned its […]
There are some words in financial services – from “guaranteed” to “uncorrelated” – that should set alarm bells ringing. Historically, “rebate” has been one of them. Anyone who remembers the pre-Retail Distribution Review world of fund supermarkets, platform payments and distribution incentives could be forgiven for assuming that the investment industry had broadly learned its […]
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