Picking investments…

Sep 27, 2017 | Investments

Listening to a number of fund managers yesterday, talk about how they pick investments was uncannily like hearing gamblers describe how they analyse form for the runners at the 2.30 at Kempton; or, worse still, the choice of numbers on the roulette table. Cynical? Moi? Yes, about making things too complicated, trying to look clever and beat the markets in the short term. My view has always been that a boring but well-managed managed fund will always be fine if you hang on in there. If it’s not rocket science, don’t use a quadratic equation to solve it.

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“FCA to take action against Neil Woodford and WIM”

“FCA to take action against Neil Woodford and WIM”

It’s ten years now since Neil Woodford launched his own fund management company. He was seen as a miracle-working fund-management guru in our business for many years, running highly successful equity income funds with Invesco, formerly Invesco Perpetual.