Dod101 wrote:Some ITs are serial under performers and a few usually do well.
My minimal practical contact with the appointment of Funds managers indicated that the concern is to avoid underperforming - against whichever benchmark - rather than to outperform.
This does conduce to mediocrity.
As you say, if one could spot the winners.
I hold CTY. The income is and will be nice, but the SP, hmmm, well unless we have an unplanned house move the nibbling at capital is not really an issue, for us at any rate. However, upcoming tax changes may alter the emphasis in terms of one's income/capital balance.
V8