Investment trusts have beaten funds on returns in most major sectors over ten and 20 years - but can you still find a bargain as discounts narrow?
New research from Interactive Investor has found investment trust sectors have outperformed most of their open-ended counterparts over ten and 20 years
UK Equity Income trusts have outperformed UK Equity Income funds by an average of 1.79 per cent over ten years and 1.5 per cent over 20
The platform warned narrowing discounts mean its harder to find a trust bargain
Spot the Dog: Merian acquisition hurts Jupiter but Invesco remains worst culprit professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
£50bn of British savers’ money stuck in underperforming funds
By Daniela Esnerova 20
British savers have nearly £50bn stuck in consistently underperforming funds, new research shows.
A total of £49.6bn is currently held across 119 ‘dog’ funds, according to BestInvest’s latest Spot the Dog report.
This is down from 150 dog funds with combined assets of £54.4bn six-months ago, as vaccines hope sparked a recovery in some of the hardest hit parts of the market.
However, the latest scorecard still shows a 33 per cent increase in the number of underperforming funds compared to a year ago.
The report identifies consistently underperforming funds as ones which fail to beat their benchmark over consecutive 12-month periods by more than 5 per cent.
As an ordinary punter, it can be tough to stay one step ahead and make prudent and profitable decisions about where to invest your hard-earned cash.
But twice a year a report surfaces that names and shames underperforming investment funds, and managers live in fear of being included in the kennel of shame , according to its authors.
The Spot the Dog research by Bestinvest gives investors the chance to see which funds belong in the doghouse and which, for the time being, deserve to be on the main stage at Crufts.
It s a dog eat dog world: The fund world is highly competitive but often fraught with pitfalls
Bestinvest Spot the Dog report reveals worst performing investment funds dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.