ASK THE FOOL
Sunday 28 March 1999
BR by e-mail
A survey published last week by Lipper showed that less than 6 per cent of managed funds beat the index over the five years to 28 February, 1999. Not only that, but any fund that did beat the index in a given year had only a one-third chance of replicating that in the following year. Tracker funds are hard to beat.
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