In his article in Money Marketing, Mark Dampier said tracker funds were “guaranteed to under-perform”. He also said some advisers have been “disingenous” in “denigrating” the achievements of active fund managers.
So, when he pronounced that trackers returned 0.46 per cent less a year than the IMA UK all companies sector average over the past 20 years, one trusts that the figures his company prepared included all the funds that have closed over the period in question. You know, the really, really bad ones who quietly drop out of the sector performance records.
After all, if Mr Dampier’s figures did not take into account the known phen-omenon of “surviviorship bias”, then he really is an expert in disingenuous denigration.
Values to Vision Financial Planning