Ask Sindie: How can I find who's king of the investment funds?
One reader seeks performance data ... another has problems with the Nationwide
Sunday 29 April 2007
For some time, I have been trying to get an answer to what I thought was a fairly straightforward question - but all to no avail. As a result, I am beginning to think that the information is deliberately kept under wraps.
I want to know the rating performance, going back over one to 10 years, of all the funds investing in the stock market and corporate bonds - in other words, a sort of league table.
I had hoped these details would be available in some sort of publication, but no luck.
Every organisation I ask, including my public library, seems keen to point me in other directions and deliberately ducks a direct answer. Can you tell me where I'm going wrong?
PG, Lindfield, West Sussex
When I read your letter, I wasn't sure exactly what you were after - perhaps ratings for the individual bonds held inside the funds, which might have been hard to compile. But after phoning you, I discovered you just wanted some fairly standard performance data for corporate bond funds in general.
Up-to-date information is clearly set out on the Trustnet website, with data going back over one, three and five years. If you don't have internet access, your local library will have computers for public use.
The web addresses of the relevant tables are very long and complicated, so I have converted them to "Tiny URLs" - a system that allows you access to long addresses by entering just a few characters. Just type these shortcuts into the internet address bar and they will take you to the right page, so you can print out the tables you require.
Funds in the Investment Managers Association UK corporate bond sector can be found at http://tinyurl. com/2zgr7u. The funds in the Trustnet fixed-interest sector can be found at http://tinyurl.com/277qh9.
You can also find tables of fund performance at http://www.citywire.co.uk/Funds/Home.aspx, where you use drop-down menus to choose the type of fund and the period of comparison that you want to view.
When comparing funds, though, do remember that past performance is not necessarily a guide to the future. This caveat will be of even more significance when comparing funds where the individual managers may have changed over the years.
I recently gave written instruction via a Nationwide building society branch near Birmingham to transfer the cash from my matured fixed-rate bond into my FlexAccount current account.
Having deposited it there, I intended to transfer it immediately to my high-interest e-Savings account. But my instructions were ignored and instead the money was paid into a Capital Builder savings account, which pays a much lower rate of interest than e-Savings.
Only money in a Flex-Account can be transferred to e-Savings, so the cash had to go there first. It was not until I checked two days later that I realised this hadn't happened.
I mentioned the problem to the Sutton Coldfield branch, and only then was the switch to my FlexAccount carried out.
As a result of Nationwide's failure to follow my instructions at the start, I have suffered a loss of interest.
Can you do something to restore my faith in the building society?
ZE, Sutton Coldfield, West Midlands
Nationwide says the failure to follow your instructions immediately was due to a "technology fault" that has now been resolved.
This meant the transfer to your FlexAccount did not take place and, as a default option, the money went into the Capital Builder.
The society's member service department has reviewed the case and found that the difference between three days' interest on your investment in a Capital Builder and in an e-Savings account is 68p. This has now been refunded.
Nationwide offered to pay you £25 by way of an apology. Unfortunately, it also messed up that transaction, and you had to write another two letters to get the money credited to your account. But I understand the cash is now yours.
If you need help from our consumer champion, write to Annie Shaw at The Independent on Sunday, Independent House, 191 Marsh Wall, London E14 9RS or email email@example.com. We cannot return documents, give personal replies or guarantee to answer letters. We accept no legal responsibility for advice given.
Independent Partners; request a free guide on NISAs from Hargreaves Lansdown
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
iJobs Money & Business
£Neg. (DOE) + Excellent Benefits: Guru Careers: A Finance Account Manager with...
£40000 - £470000 per annum + bonus: Ashdown Group: Java Developer / J2EE Devel...
£45000 - £55000 per annum + Benefits: Ashdown Group: An exciting opportunity h...
$125 - $175 per annum: Carlton Senior Appointments: Senior Wealth Manager In...
Day In a Page
A three-bedroom villa with self-contained flat, minutes from Lake Windermere
A deceptively spacious, beautifully presented Georgian home with 3000sq ft of living space and five reception rooms
A five-bedroom Victorian home with four receptions, superb gardens and paddock in Pembury
An eight-bedroom house on the south side of the The Green with cinema, wine cellars and summer house
This 17th century beauty is full of rustic cosiness, while the detached home office means you can also run a business
This five-bedroom red-brick beauty overlooks the village green and sits in just under two acres of land
Four exclusive apartments in a Grade II-listed former medical school with 2,275 sq ft of living space and 18ft ceilings
A five-bedroom terraced house on the popular Peterborough Estate, ideally located for both Eel Brook Common and South Park
A state-of-the-art farm-building conversion on the former Cliveden Estate, with 11,420sq ft of internal space, cinema and wine cellar
A three-bedroom, 15th-century cottage with original features in the picturesque village of Sissinghurst
A six-bedroom terraced house with large south-facing roof terrace, cinema room and wine cellar
A new seven-bedroom home built in Queen Anne-style with swimming pool and parkland views in Mortimer
A listed, four-bedroom farmhouse in the rural hamlet of Rushall with detached barn, four acres of gardens and paddocks
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens