Irish Regulator to Crack Down on Closet Trackers

The Central Bank of Ireland is the latest European regulator to investigate funds that charge fees for active management but closely follow the performance of their benchmark 

Holly Black 18 July, 2019 | 2:02PM

markets

The Irish regulator has announced a review of “closet tracker” funds, which charge fees for active fund management while doing little more than copying the index.

The Central Bank of Ireland said it wanted to identify funds describing themselves as being actively managed, whose performance is close to the index.

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Holly Black  is Senior Editor, Morningstar.co.uk

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