Don't trust the core of a portfolio to boutique houses

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Investment boutiques are increasingly coming centre-stage but there are good reasons they should rem...

Investment boutiques are increasingly coming centre-stage but there are good reasons they should remain on the fringes of client portfolios. In a world in which core and satellite investing is all the rage, boutiques fall very much into the latter category. UK equity funds form the heart of most retail investors' portfolios, followed by fixed interest, and it is a noticeable fact that the funds that have provided the returns to investors year in, year out have tended to come from larger houses. On UK equities Anthony Bolton of Fidelity and Neil Woodford of Invesco Perpetual spring to mi...