The growth of the passive investment industry is well established. In the UK, as elsewhere, the space has quickly grown out of being just a 'style' and become a behemoth of its own: home to fierce competition.

But, within this market, how do fund selectors choose the right strategies for their clients, and what are the micro-economic factors currently affecting the industry?

In addition, while flows into passive equity strategies grow - what is happening in the fixed income space? How do buyers navigate and understand the ever-growing smart beta arena, with its burgeoning number of products.

And after all of this is taken into account, what is the best way to approach fund selection?