Tilney eliminates 'low-hanging fruit' from fund portfolios

From 70 holdings to 30

"We took the decision to take fewer and better decisions and see higher-quality and more consistent returns from those funds we chose" - Tilney's Chris Godding
"We took the decision to take fewer and better decisions and see higher-quality and more consistent returns from those funds we chose" - Tilney's Chris Godding
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Wealth manager Tilney has cut the number of third-party funds held in portfolios from 70 to 30 due to "mediocre" performance by many active managers.

Chief investment officer Chris Godding (pictured), who joined Tilney a year ago, said the decision had been taken to eliminate "the low-hanging fruit" from portfolios. The move was also driven by Tilney's...

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