Investing in funds allows you to spread risk across a range of companies and markets. But paying for active management doesn’t guarantee good performance. A passive approach, such as an exchange-traded fund (ETF), is best for most investors.
When it comes to paying over the odds for an actively managed fund, Americans have learned their lessons. Now it's time for us to follow suit.
Fund managers love to talk up the benefits of value investing. But the trouble is, says Merryn Somerset Webb, they so rarely practise what they preach.
Saltydog’s Richard Webb looks at how their cautious portfolio, the ‘Tugboat’, has performed, and decides which changes to make.