FTSE surge: Are tracker funds the best option?

In his first public appearance since his shock departure from Schroders, star fund manager Richard Buxton predicted the FTSE 100 could reach record highs of 7,300 in 2014. At the same time, the veteran stock picker dismissed tracker funds stating that "man has to be better than machine". Buxton, who is now head of UK equities at Old Mutual Global Investors, is not the only person positive on the UK stock market. A recent report from analysts at Citigroup also predicted that the FTSE 100 will hit a record high of 8,000 by the end of next year. With such bullish predictions, the b...