High performance investment funds don't spend long at the top of the tree, research suggests.
Only one of the top 50 performing funds between 1997 and 2002 remained in the group for the following five-year period (2002/7), according to analysis by Heartwood Wealth Management. In addition, the firm says the average ranking for the funds fell to as low as 1,140, although funds no longer in administration will have dramatically pulled this figure down. David Lough, chief executive, Heartwood Wealth Management, says: “Our analysis shows the importance of regularly reviewing your investment portfolio because strongly performing funds may not persist. “Those investors who follow the la...
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