Great article. The growth of the internet and these platforms could be a reason why passive performs better than active. Markets are efficient. Every one has access to the same information at all times. Nothing is hidden behind Bloomberg terminals and paywalls
Very interesting and informative reading. I may be a little naive but I hadn’t realised all the Edison articles are company sponsored. To be taken with a pinch of salt in future.
Not naive, it's just hidden in the small print. I think it could and should be more clearly signposted. The Kent review recommended a code of conduct for issuer-sponsored research but I think a quick, simple fix would be to just have a clearer disclosure upfront.
This is really interesting, thank you. As a hobbyist with a following far, far below Influencer levels, I find it really interesting that there is such a loss of analysts. I would also always be sceptical about sell-side research. I would always consider buy-side less prone to conflicts of interest (but obviously not immune - just less overtly open to scepticism)
Especially with the rise in interest and new capital flows into the market, I would have thought the demand for analysts would increase, although I appreciate a lot is flowing towards passive funds, as you touch on in the article. Or maybe the flow into passive creates more opportunity for alpha and good analysts (which recent history would suggest does not include me!)
Great article. The growth of the internet and these platforms could be a reason why passive performs better than active. Markets are efficient. Every one has access to the same information at all times. Nothing is hidden behind Bloomberg terminals and paywalls
Very interesting and informative reading. I may be a little naive but I hadn’t realised all the Edison articles are company sponsored. To be taken with a pinch of salt in future.
Not naive, it's just hidden in the small print. I think it could and should be more clearly signposted. The Kent review recommended a code of conduct for issuer-sponsored research but I think a quick, simple fix would be to just have a clearer disclosure upfront.
People who are passionate about research should start a business covering these companies. They can charge a lot less than 50k per annum.
Very informative! Thank you, Victoria.
This is really interesting, thank you. As a hobbyist with a following far, far below Influencer levels, I find it really interesting that there is such a loss of analysts. I would also always be sceptical about sell-side research. I would always consider buy-side less prone to conflicts of interest (but obviously not immune - just less overtly open to scepticism)
Especially with the rise in interest and new capital flows into the market, I would have thought the demand for analysts would increase, although I appreciate a lot is flowing towards passive funds, as you touch on in the article. Or maybe the flow into passive creates more opportunity for alpha and good analysts (which recent history would suggest does not include me!)