2 days ago
Wait a minute before you sack your fund manager
I f the football world were to follow in the footsteps of investment funds, you would no longer see suited and booted managers on the sidelines of many pitches. Instead, there would be a machine standing in the technical area, gesturing frantically to the players and swearing at the referee.
Active fund managers (human stockpickers who run an investment fund) have fallen out of favour. Many investors now prefer tracker funds, cheaper alternatives that track an index without a person at the helm.
Personally, I like a mix of the two. The bulk — about 80 per cent — of my portfolio is in a low-cost global tracker fund, and the rest is split between two individual companies (which are free to invest in), one active fund and one investment trust (which is actively managed).
