Recent Posts

  • The Fund Industry’s Dirty Little Secret - The Illusion of Skill | Thu 24 Oct 2019

    Topic: Market commentary

    Something is badly wrong with the investment industry. It was highlighted in the first half of the last century, if not also in the century before. But what is wrong?

    Investors have been being screwed for a long time (excuse the vernacular – but this needs stating clearly, so no one is left in any doubt). The evidence of problems wasn’t ignored by everyone. It spurred on the development of index tracking funds, to the extent that passive investing is now a dangerous bubble phenomenon (see Boom Bubble Bust Part II: ETF Mania).

    This means investors now have the guaranteed mediocrity of passives/index trackers, or the high probability of mediocrity, at best, from actively managed funds – or at least 92% of them, as our own research highlights. [read more]

  • Dynamic Global portfolio review | Fri 18 Oct 2019

    Topic: Portfolio building

    The Dynamic Global Portfolio moves investors into the sectors around the world with the most momentum. Here we look at the portfolio with review dates falling in April and October, and look at the great potential the Dynamic Global Portfolio creates for investors over the long-term. [read more]

  • Proven Woodford alternatives for Growth and Income | Fri 18 Oct 2019

    Topic: Fund analysis

    When news of Woodford’s departure from Invesco Perpetual reached us back in 2013, we wasted no time in highlighting some great alternatives to his funds. When he went on to expand his new stable to include the Woodford Patient Capital Trust in 2015, we again were quick to point out proven alternatives. Here we review those selections. How did our process stack up against the “cult of the fund manager”? [read more]

  • Woodford fund closure: Lessons must be learned | Fri 18 Oct 2019

    Topic: Fund analysis

    The closure of Woodford Investment Management is sad for many reasons, not least that around 30 employees are now out of a job. But we can’t argue with the fact that the closure of the Woodford Equity Income fund is in the best interests of the investors, and such decisions have to be made unemotionally and objectively. [read more]

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