many funds have basic consistency of return concludes study commissioned by Autif
Past performance does give a guide to the future, and withholding such information is detrimental to consumers, according to the group responsible for much of the FSA's research into polarisation. In a study commissioned by Autif, Charles River Associates (CRA) concludes that previous research has shown that many funds have a basic persistency of returns, and past performance can help highlight this. It points out that this can be used not just to show up consistently strong performers but also help investors avoid consistently weak funds. The conclusion contradicts the FSA's stance th...
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