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Virgin Direct favours tracker funds

Virgin Direct are promoting tracker funds when most industry commentators are emphasising the need for stockpickers in 2001.

Virgin points out that in the three years following the 1990 and 1994 downturns, the market climbed by more than 25 per cent a year in most cases. Over both periods the majority of actively managed funds failed to keep up with the FTSE All Share Index.

Virgin director Gordon Maw says: “History would suggest that the index has the ability to bounce back very strongly indeed following a year long correction. In those situations the odds are stacked in favour of tracker funds.”

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