Bad performers rarely make good

The performance of bottom ranked income funds is unlikely to improve unless there is a change in manager, according to Principal Premier's income study. Names which have consistently featured in the top half in previous studies appear again this year. BWD UK Equity Income, Newton Higher Income, Liontrust 1st Income and Clerical Medical Equity Higher Income have again all scored highly in the study, and if the trend continues are likely to carry on doing so. The study illustrates that very rarely do funds that have performed badly become good ones. The group's Black List includes a numbe...