There have been some very interesting articles in the FT in the last few days. On the 25th February John Authers discussed market timing and passive versus active management. He quoted consumer research group Dalbar who have compared active and passive funds. Although passive funds have beaten active funds in the long term, because of their lower costs, investors in active funds have received higher returns in the last 15 years. How can that be? It's because to quote: "Holders of ...
Here's a very brief report on the AGM of Finsbury Growth and Income Trust (FGT) held yesterday (4/2/2016) - there is a much longer one here. This very successful, and hence popular, investment trust is managed by Nick Train and colleagues and has been for many years.
I'll skip over the concerns about this trust such as the Chairman having too many jobs and there are way too many directors who have been on the board too long, and focus on Mr ...
