Esma: consumers face risk of significant market corrections
The European Securities and Markets Authority (Esma), the EU’s securities markets regulator based in Paris, said on Tuesday that it continues to see high risks to institutional and retail investors of further, possibly significant, market corrections.
‘45% of investors’ active equity risk not rewarded’
An average of 45% of active equity risk taken by institutional investors can be regarded as uncompensated, according to a study by Northern Trust Asset Management. Investors that use active management have the highest share of uncompensated risk in their portfolios.