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Hargreaves says Sandler is wrong over trackers

Hargreaves Lansdown disagrees with Sandler&#39s view that investors should look to cheaper tracker funds for better returns, saying it is a “classic” case of using past performance.

Hargreaves says the active versus tracker fund debate has become muddied in past years as 75 per cent of actively managed funds have performed poorly but points out that in the next 10 years investment conditions are likely to be very different.

It says trackers may be cheap and look effective in bull markets but will never be a substitute for good stock pickers – especially in bear markets – which it says are always worth paying extra money for.

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