This report is based on our independent, unbiased fund research and explores key themes across the fund management landscape, including performance outcomes, industry consolidation, winning investment styles, personnel changes, passive investing, the emergence of new products and trends, and regulatory developments.

Elements of ESG investing have existed for a long time. Traditional approaches mostly used and continue to use

Why do funds so often favour investments close to home? This tendency, which is called a home bias, occurs when an
investor allocates a disproportionate weight to shares and bonds of companies from their home market at the expense
of a more globally diversified portfolio. We touched on the phenomenon in our article on multi-asset investing earlier
this year and thought it would be useful to explore the topic further with you