The Transition from Active to Passive

Linton

And another year has gone by:

Vanguard Life Strategy 100% Equity is +2.0% on the year

vs the Challenger

Old Mutual UK Smaller Companies +19.4%
Framlington Health +4.5%
Blackrock European Dynamic +8.3%
Henderson Global Tech +8.5%
F&C US Smaller companies +8.0%
First State Asia Pacific -5.1%

Challenger portfolio +7.4%

Another fund picker victory. 5 of the 6 funds beat VGLS 100% .

Thrugelmir

Much talk over whether fund management fees actually offer real value. The UK Fund Management Industry rakes in around £3.5 billion a year for looking after other peoples money. Another mis-selling scandal on the horizon perhaps.