View more on these topics

Research shows the importance of fund analysis

Credit Suisse is urging IFAs to be aware of the importance of picking investments as fund performance figures show how difficult finding a winner can be.

Based on Lipper figures to the end of March, Credit Suisse says only one in 10 onshore unit trusts has had above-average performance for three consecutive years.

The research also shows that almost two-thirds of unit trusts have had a change of manager in the past three years.

Only 2 per cent of European and North American unit trusts are top-quartile in all the past three years. Not one Japanese or Asian fund is top-quartile in all three years and only 2 per cent of UK income funds are top-quartile in all three years.

In January 2001, there were 328 UK all companies funds and more than 200 were lagging behind the FTSE All-Share index last year.

Credit Suisse offers intermediaries a multi-manager service which pools fund management talent for a portfolio that aims to deliver consistent returns.

Joint head of multi-manager services Gary Potter says: “As the performance figures show, finding the right combination of skills requires intensive research. Without the benefit of rigorous fund analysis, the odds are not stacked in favour of the average investor or even the intermediary.”

Recommended

Ale and hearty

My partner and I are tenants of a public house. Over the last 18 months, we have put a lot of effort into turning the place around. We have relatively little income left over each month. Our bank, with which we have an overdraft, has recommended that we both save £100 a month in a […]

Legal & General urges Smith to speed reform

Legal & General has written to Andrew Smith, the new Secretary of State for Work and Pensions, outlining the steps it feels he needs to take in order to complete the reform of pension policy. The company hopes that Smith will act quickly to push through reform. It has put forward a four-point plan, including […]

Irish Life offers currency choice

Irish Life International has established an offshore guaranteed equity bond that is linked to the Dow Jones Global Titans index. The eighth issue of the secured growth bond enables investors to choose a currency denomination from sterling, dollars or euros and the level of final returns will depend on which currency is chosen. Sterling versions […]

Pension trustees given vote of confidence

Pension trustees have been given a vote of confidence as competent handlers of pension funds in research from Watson Wyatt and Cranfield University School of Management. Despite 74 per cent of trustees having backgrounds unrelated to finance, the research found trustees make responsible decisions with pension funds. But the most training a trustee had received […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com