Yes, I take your point. I've just become accustomed to using it!
Yes, I was merely using those funds (ex gartmore UK Focus) as examples of funds with similar or lower risk that trackers but with consistently better performance.
I share your amazement. In some cases it is inertia, but in most cases it is a result of 'selling' not 'advising'.
... Too right!
? A tracker fund typically has charges of 1% (0.5% in some cases - see L&G). Managed funds have charges of twice or more that. Therefore the managed fund has to be better than the unmanaged fund by at least 1% to break even.
cd.
OK - HighRisk/Reward......
This is a non-sequiteur - Index/Tracker funds would not generally be considered high risk/return investments!
For high risk/return invest all your money in one sole one-penny equity, sheltered in a self-select ISA and see what happens.
Of course, you may not like the result!
MC
Point taken. I should have been more specific - I consider equity investments to be acceptable risk/reward within a fund. I am not prepared to take 'extreme' risks like issuing options, covered warrants, one-penny shares etc...
I was using this approach in a trading contest once with good results, however it sort of took the charm away as a few shares on OBX (Norway) were quite volatile so it was all fairly technical..
I am not risk perverse so chances are pretty strong that I would be a bit upset...
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