Large funds outperform

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As popular funds get bigger, many worry that the size will hurt performance. However, stats from Lipper show that among open-ended funds more than half of those portfolios with more than £800m in assets have outperformed their respective peer group averages at least three out of past five calendar years, with 25% outpacing their peers in each discrete period, including the two largest funds - Anthony Bolton's Fidelity Special Situations and Neil Woodford's High Income.

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