"As we have always said, a year is simply the time it takes for the earth to revolve around the sun. We think that investors should judge our returns over the long term, and since inception the fund is up 596 per cent or 15.7 per cent on an annualised basis, net of fees, compared with 11.8 per cent for the benchmark MSCI World."
Importance of reviewing holdings
Jason Hollands, managing director of Evelyn Partners’ BestInvest, said the report aimed to show the importance of non-advised customers regularly monitoring their holdings.
He said: “It isn’t a simple ‘sell’ list though, because funds can endure periods for a variety of reasons, including a style bias or process that has been out-of-favour with recent market trends, but which may prove temporary.
“Other incumbents though may be serial underachievers, with little reason to continue holding them.
“The call to action if an investor owns a fund on the list is really to delve a bit deeper, evaluate why the fund has lagged and only then decide whether to stick with it or potentially move.”
He added the report could encourage more people to consult a professional.
Hollands said: "Where a client owns a fund that has had a tough run, the adviser or the wealth managers they use are best placed to understand whether it is time to make a change or reassure the client that the holding still remains suitable for their goals and time horizon.
"We think the report can be a nudge for some people who have previously self-managed their investments to consider getting professional advice or move to a managed portfolio where the job of asset allocation, fund selection and monitoring is all done for them by a professional."
tara.o'connor@ft.com
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