Q. I have been intrigued by your constant remarks suggesting that your readers and the public in general use the services of fund managers rather than rely on their own intelligence.
Monday, November 21st 2005, 5:59AM
by The Landlord
A survey carried out by the Financial Times two years ago, and subsequently confirmed by KPMG, showed that over five, 10 and 20-year periods more than 90 per cent of fund managers underperformed the various indexes against which their performances were measured - Footsie 100, 250 and small cap indexes.
I am not sure whether the survey was measured against any American indexes so cannot comment in that respect, but probably the American counterparts were no better.
You may be interested to read the attached article taken from Investors Chronicle and use some of the more salient points for a future article. But please do not keep harping on about fund managers.
