BE careful what you wish for. While it is tempting for fund managers to root for a downturn so they can show investors why a human hand is better than the "dumb" passive index mutual funds...

THE UK Financial Conduct Authority (FCA) wants asset managers to disclose more information about how they measure their performance, ramping up pressure on active funds to justify their charges.

ASSET managers are being squeezed as increased regulation drives up costs and investors shift more money into lower-cost investment products.