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Article: Nine out of 10 fund managers are unreliable Only 6 per cent beat the average return every year over five years
- Article from:
- The Sunday Telegraph London
- Article date:
- July 25, 2004
- Author:
CopyrightCopyright 2004 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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AN ASTONISHING 94 per cent of equity fund managers have failed to
deliver above-average returns in each of the past five years,
according to shocking new figures.
Figures calculated for The Sunday Telegraph by Citywire, the
financial analyst, show that only 11 of the 175 fund managers with a
track record of at least five years have beaten the average
performance in their sector over the period.
The survey covered the six equity sectors most popular with
investors: UK All Companies, UK Equity Income, Europe ex-UK, North
America, Far East ex-Japan, Japan and Specialists. Not a single
manager in the UK Equity Income, Far East or Japan sectors has
managed to outperform the average each year.
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