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Fund firm calls for portfolio reviews

Investors do not review the mix of assets in their investment portfolios often enough, with nearly a quarter never reassessing their holdings, according to research from JP Morgan Fleming Asset Management.

The fund firm surveyed 1,620 private investors between January and February this year and found that 23 per cent of never reviewed the mix of assets in their portfolio and 56 per cent had only checked their mix once in the past year.

When asked what would prompt a review of their mix of assets, 54 per cent said advice from IFAs and 46 per cent said recommendations from family and friends.

Good or bad press about an individual fund would prompt a significant 40 per cent to review their portfolio.

JPMF global head of equities Martin Porter says asset allocation is crucial and a failure to review and monitor assets carefully can mean missing out on valuable returns.

He says: “A well balanced investment strategy is key to long-term success. But often investors find themselves with a disparate collection of investment funds they have bought over the year with no clear investment strategy in mind.”

Hargreaves Lansdown senior analyst Meera Patel agrees that many investors are unaware of the need to review their portfolios. She says that younger investors are more active but as investors get older and their risk profile changes, they need to review their equity investments.


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