Almost £30bn of investor money is sitting in underperforming funds, according to research from IFA In...
Almost £30bn of investor money is sitting in underperforming funds, according to research from IFA Informed Choice. The group’s LemonAid report assesses the worst funds from across a wide range of sectors by past performance, risk-adjusted returns, consistency and cost. From a possible 1,790 funds, 270 are described as in need of urgent review by investors, including two that still have an AAA S&P rating. In the UK equities sector, losers include Axa UK Smaller Companies, New Star UK Growth and Rathbones Special Situations. In the Global Equities space, Standard Life Investments Global...
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