Ninety One AoV: Nearly a third of funds do not offer value to investors
Two UK funds among those questioned
John Stopford and Jason Borbora-Sheen's Cautious Managed fund also failed to outperform target benchmarks
Twelve of the 40 funds evaluated by Ninety One have been found not to offer value to investors, with performance at the heart of the issue, according to the firm’s first Assessment of Value report.
Four of the funds not currently offering value to investors are categorised as having "actions in progress", which the firm defined as "steps to remedy areas of concern are identified and in the process...
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