Any helpful material for UK undergraduates (UPDATE: AM in the United Kingdom)
UPDATE: Any questions related to AM in the United Kingdom.
Hi everyone!
i will be applying for graduate positions (AM mainly) soon and was looking for a good guide or any other material related to SPECIFICALLY the United Kingdom job market. I will be a final year student in a semi-target (kinda) university with some good names on my CV. Also, is the WSO IB guide still relevant to UK (because of the different nature of interviews).
Thank you!
Do you have a role/asset class/vehicle desire? FI SMAs are rather different from Equity ETFs, and recommendations are going to be largely related to the role, asset class and vehicle you are targeting.
It sounds like you don't understand the area. That's okay, but good to know.
Both make money while there are allocations in the fund. ETF/index have lower fees so require higher AUM to make the same on a management fee basis, but there's no upside if you're good at analysis/stock picking/trading etc. You can only be as good as the benchmark in Passive.
In Active you are measured fairly or unfairly against benchmarks. Active is not going away but the wheat is being separated from the chaff. If you're shit, you'll get cut a lot easier today than 15 years ago. The money will be worse for the same output because today you need either to be MUCH better (which is MUCH harder) or to have a niche/edge.
If you are choosing between Active and Passive you're not really sure what you're doing, because they are totally different beasts. Active is closer to investment analysis / being correct / exploiting a system, whereas Passive is closer to selling a product which better tracks an index, or building a system which has minimal tracking error and no cost. Totally different ball games.