Morningstar study finds UK investors missing out on fund returns due to poor timing

The Mind the Gap study compares the reported total returns of open-end investment funds with the money-weighted returns that represent the average investor experience over the five-year period to 31 December 2016. Morningstar's aim was to assess how the timing of investment flows into funds has affected the experience of the average investor in terms of returns on capital. Meet the Investment Influencers:Morningstar's Ruli Viljoen The study found UK investors' returns tend to be lower than reported returns, mirroring the findings from its US study and reflecting the "suboptimal tim...