Retail investors chase star managers at their peril

Professional Adviser
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Retail investors may be deluding themselves when it comes to the way they choose funds in which to p...

Retail investors may be deluding themselves when it comes to the way they choose funds in which to place their money, according to research commissioned by Abbey National. Abbey has found that 38% of retail investors rate the track record of individual fund managers as the most important factor in deciding where to invest. Rated second was cost, which 17% said was the most important factor when comparing funds. Actual past performance only drew 16% of the votes for the most important factor. Abbey's research also suggests that retail investors are increasingly av...

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