19th April 2012
Hub eNews
Absolute mayhem
"Open season continues on absolute return funds with Which? now placing them in a list of 13 'unlucky' financial products to avoid, where they rub shoulders uneasily with such other paragons of financial virtue as mobile phone insurance, extended warranties, payment protection insurance, store cards and water pipe insurance. According to the consumer champion, "the concept has turned out to be too good to be true in many cases. The Financial Services Authority recently reported that 51% of absolute return funds failed to make a positive return while 33% failed to beat inflation in the year to 1 January 2012." This is factual - well, the second sentence, at any rate - but is any of it terribly fair?"
Outstanding manager line-up for FundsNetwork Brewery Event
FundsNetwork has unveiled details of its Art of Investment 2012 Investment Forum , which will take place on 18 May at The Brewery, London. Chaired by BBC journalist and Newsnight presenter Emily Maitlis, the event boasts an impressive fund manager line-up: p:
- Trevor Greetham - Fidelity
- Richard Pease - Henderson
- Alastair Mundy - Investec
- Richard Woolnough - M&G
- James Harries - Newton, BNY Mellon
- Andy Brough - Schroders iji
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