Retail investors may be failing to understand key issues with passive fixed income funds and are risking potentially significant under-performance, according to a new report.

Net retail sales of investment funds returned to positive inflows of £1.6bn in November, following the UK Budget and US election.

Fund manager Janus Henderson has today launched what it claims is the first active Exchange Traded Fund (ETF) in Europe - the Janus Henderson Tabula Japan High Conviction Equity UCITS ETF (JCPN).