n Personal Finance Newsletter - Is your fund manager selling you excess skill, or excess risk? : investment insight

Volume 2016, Issue 425
  • ISSN :



In South Africa, investors have grown to accept that a fund manager's job is to beat a benchmark and if they do that, we think that it must have taken some particular skill to get there. We have therefore created an investment culture that lives on past performance. Our primary (and sometimes only) measure of a manager's skill is their performance track record.

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