When Neil Woodford’s LF Woodford Equity Income fund collapsed in the summer of 2019, accusatory fingers were pointed in different directions. Woodford was blamed, of course, for an “over-reliance on large, illiquid assets”.
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Leader – Past their best: Should fund buy lists still be taken seriously?
If best-buy lists can reduce the advice gap, they should not be scoffed at but there is much room for improvement
By Charlotte Richards 12
th May 2021 12:29 pm
Sometimes having too much choice can be overwhelming. Imagine being a first-time investor without any idea of where to begin. You are confronted with more than 4,000 funds, accompanied by factsheets full of jargon and investment spiel with which even a well-versed investor might struggle.
In theory, the idea of a fund buy list is a good thing: to help investors narrow down the choices into what have been, for example, the best 50 funds over the past month, quarter or year.
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