Forum Archive Index - January 2002

[nickk@quicksilver.net.nz]

I've got a very good fund manager...totally accountable, easily
contactable, no commission!!!

he's called me!!

bah humbug to the pros I say

andrew cottingham writes:

> Interesting article on SMH re fund mangers performances
> http://www.smh.com.au/news/0201/10/biztech/biztech10.html
> 
> Funds can't match cash rate 
> 
> The median return for funds managers' growth portfolios - which contain a mix 
>of assets including shares, property, cash and bonds - fell to 3.8 per cent in 
>the last calendar year, according to asset allocation consultants Intech. It 
>was the weakest performance since the industry made a negative return of 5.8 
>per cent in 1994, and is less than the 5.2 per cent fund managers would have 
>earned just by holding cash.
> 
> 
> 

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