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Aberdeen tech fund is top dog in Bestinvest survey

More than 140 funds representing over £15.6bn of investors&#39 cash

are consistently failing their benchmarks, according to the 2002

edition of IFA Bestinvest&#39s Spot the Dog guide.

Top dog in this year&#39s survey is the Aberdeen European technology

fund with a three-year return of -88 per cent, with Aberdeen fund of

ITs, Framlington net net and Smith & Will-iamson global tech

yapping at its heels on -87 per cent.

The guide says 2002 has been a vintage year, with more than 10 per

cent of all unit trusts and Oeics, 148 funds in total, meeting its

inclusion criteria of underperforming their benchmarks consistently

for three years and cumulatively by more than 10 per cent over that


It says it is worrying that there are so many mainstream UK funds

such as Abbey National&#39s UK growth on -44 per cent and Friends

Provident&#39s UK equity funds on -46 per cent among the worst offenders.

In total, there are 37 UK, four fixed income, 14 UK smaller

companies, 25 international, 13 European, 19 Japanese & Asian, 24

North American, seven emerging market and five technology funds

featured in the guide.

Managing director John Spiers says: “It is vital to keep a vigilant

eye on your investments. At a time when stockmarkets have been

falling and most pundits predict only modest longterm returns from

equities of 7 to 8 per cent a year, it is vital not to pay management

fees for poor performance.”


Martin Currie – Martin Currie European Private Equity Fund

Wednesday, 19 February 2003 Aim: Growth by investing in a portfolio of European private equity funds and European direct equities Minimum investment: Lump sum £100,000 Maximum investment: £2m Investment split: European private equity funds 85%, European equities 15% Types of shares: Ordinary Isa link: No Pep transfers: No Redemption date: July 1, 2013 Charges: Annual […]

Newcastle takes five

Newcastle Building Society has established a second edition of the guaranteed five star bond. This guaranteed equity bond has been designed for the current environment of volatile stockmarkets and is linked to the performance of five actively managed funds. These are Credit Suisse US$ bond fund, Fidelity Funds European growth, Franklin Templeton mutual beacon, GAM […]

Migs are an&#39unnecessary evil&#39

National mortgage broker Savills Private Finance is calling forlenders to abolish mortgage indemnity guarantees, saying they are nolonger needed with arrears and repossessions at an all-time low.It says the latest figures from the Council of Mortgage Lenderspublished last month support this view that Migs, a premium paid by aborrower to provide the lender with insurance […]

Questions of clarity

As a product of the comprehensive education system, I feel wellplaced to comment on any initiative where people of mixed ability arepushed together. The reality of this educational method is that, withthe exception of the first year, there is little in the way ofmixed-ability classes.This is not rebellion on the part of the schools, it […]


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