The donkey's tail wins
Article Abstract:
It is possible for someone investing 10,000 pounds sterling in 10 large British companies in 1989 to have a portfolio that has performed better than the average equity income fund, after dealing costs, and having spent the income. Many investors believe that they require professionals to invest their money. People still use the professionals because they do not realise that they could do better themselves, and because of tax advantages attached to life insurance and pension products. The performance of the best fund managers also tends to distract from the average performance level.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Mix to match
Article Abstract:
Investors can choose funds of funds that invest in other funds such as unit trusts and open-ended investment companies. This provides diversity and allows holdings to be consolidated. Independent financial advisers have begun to accept the benefits that funds of funds can offer. The most common types of funds of funds invest in the in-house funds of the management group, but such funds may not achieve a strong overall perfrmance, since some funds can be weak. Other funds invest in funds from other managers, so can select the best available.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Freefalling floats
Article Abstract:
The impact of stock market indices on stock prices is examined in detail, as is the effect of purchases by fund manager of stocks when indices change.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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