Avantegarde wrote:Any such IT should be better than investing in a cheap world tracker of some sort. By way of example, the 5-year total return on F&C and Bankers has been 97% and 91% respectively. Henderson International Income and Murray International have returned 75% and 44% respectively. By contrast, the L&G International Index tracker (which tracks a world index excluding the UK) has returned 84% in the past five years. So some general ITs have be a better investment than a tracker and some (many) have not. To add a bit more to the picture, the 5-year total return for City and Merchants has been comparatively rotten at 40% and 39% respectively.
And the FTSE100 has a 5 year total return of 39%, so what you are really comparing there is the UK mega cap market with world/ex-UK.