Fidelity Worldwide Investment's bond manager Ian Spreadbury has said his fund has lagged competitors in the last year because of his ongoing caution amid a move by peers to add equity-like risk to their portfolios.

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THE BIG QUESTION

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PERFORMANCE VERSUS FEES

Evan Bruce-Gardyne, director of investor relations at Alliance Trust says, in time, the Retail Distribution Review will help encourage investors to look at the wider picture before committing capital to a fund.

Given the nature of the financial crisis and the depth of the accompanying recession, the recovery process was always going to be a hard grind.

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CONTRARIAN INVESTOR