FUNDS BY CATEGORY


FUND FILTER GUIDELINES

To help you navigate through the findings of our replication of the ESMA study on Closet Indexing and to help you verify the status of your investment, Better Finance provides guidelines to help interpret the information available.

FUND FILTER GUIDELINES


ALL FUNDS

This is the full list of all sampled funds without categorisation.

ALL FUNDS


FUNDS WITH NO REPORTED BENCHMARK

List of the 6% of funds that do not report any benchmark in their prospectuses according to Morningstar, making it impossible to provide the metrics used by ESMA to identify potentially falsely active funds.

NO BENCHMARK


FUNDS WITH INSUFFICIENT DATA

List of the 50% of funds that do report a benchmark but apparently do not provide enough information for Morningstar to compute the metrics selected by ESMA for those funds.

INSUFFICIENT DATA


POTENTIALLY ACTIVE FUNDS

List of the 36% of funds that are sufficiently transparent (with regard to ESMA metrics in the Morningstar database) and that – based on those metrics – do seem to be truly active.

POTENTIALLY ACTIVE FUNDS


POTENTIAL CLOSET INDEX FUNDS

List of the 7% of funds (and up to 16 % of the sufficiently transparent funds) that show characteristics that flag them as being potential closet index funds according to ESMA.

POTENTIAL CLOSET TRACKER

MEDIA COVERAGE

A selection of clippings from media covering the Closet Indexing Study

Asset managers named in list of potential closet trackers

 

Asset managers named in list of potential closet trackers

It’s time to drag closet trackers into the light

 

It’s time to drag closet trackers into the light

Active managers named and shamed as 'closet indexers'

 

Active managers named and shamed as ‘closet indexers’

Ces fonds actifs qui répliquent les indices

 

Ces fonds actifs qui répliquent les indices