European funds missing targets...
Sunday, 17 June 2007
...says Steve Johnson of the FT on June 25 2007.
“Every single absolute return fund rated by Standard & Poor's failed to hit its return targets after fees last year, with most funds failing to even match the returns of cash.
The data call into question the future of the nascent sector, which has attracted an estimated €200bn (£134bn) of assets across Europe since the first fund launched in 2003.” Full article here
There is a comment in this article by one fund manager who states 'nobody is doing brilliantly well.' Unfortunately, I have to disagree with that comment. The absolute return managers are doing brilliantly well on your money. Time after time the evidence of poor performance is clear to see but the picture is often distorted when 'brilliant' returns are achieved. Such returns look bright for only a short time but the memory of them keeps investors hoping.
Wherever possible, keep taking your thoughts back to basics before you invest. Remember that over time most funds do not beat the market. The title of this headline "European funds missing targets...is confirmation of this statistic.
Categories:Active Funds, Fees
posted by Murray Round Wealth Management @ 20:40,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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