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&#39Low-charging funds not best performers&#39

Funds with the lowest charges are not always the best performers, according to new research conducted by Money Marketing Focus.

The research, uncovered in the MM Focus Isa publication this week, reveals that cheaper tracker funds often do not perform as well as more expensive actively managed funds.

The survey also warns investors to not take too much notice of Isa season discounts, as initial charges have little bearing on long-term returns, while ongoing annual charges are much more important.

Copies are obtainable by calling 020 7292 3730.

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