Several giant investment funds have shrunk dramatically in the past few years. Financial Express, a fund research website, says that Standard Life Global Absolute Return Strategies has gone from £26.8 billion at its peak in 2016 to £12 billion after investors withdrew their money because of poor performance. Neil Woodford’s Equity Income fund has dwindled from £10.2 billion to £3.6 billion in two years.
Many disappointed investors may be looking to smaller, lesser-known funds with the potential for market-beating returns over a decent timespan.
John Moore, the senior investment manager at Brewin Dolphin, a wealth manager, says: “Finding a hidden gem can be a difficult and time-intensive process. Identifying potential requires a more in-depth look than simply casting an eye over the performance tables.”
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