Hot funds 2005

2004 has been a difficult period for active funds, most of which have struggled to keep up with their indices in a year characterised by no real macro trends or clear market direction, savage sector rotation and painful stock hits. This is illustrated in our selection of 'Red Hot Funds' for 2004 - many of these managers have proven themselves to be among the best in the world, but found the last 12 months to be testing. Bill Miller is widely renowned as one of the world's top practioners and his fund, the Legg Mason Value Fund, has produced better returns than the S&P 500 Index for 13 strai...