Should You Ditch Star Managers for Team-Run Funds?

The cult of the star fund manager has been called into question. Investors may do better to ditch the big name investors and choose funds run by teams instead

Annalisa Esposito 31 October, 2019 | 9:16AM

team-based fund

In the wake of the Woodford saga, the very cult of the star fund manager is being called into question. While big name investors – Neil Woodford, Anthony Bolton and Nick Train to name just a few – have long attracted a loyal following, savers are now starting to question the concept of putting their faith in a single person.

Despite stellar performance over the long term, Nick Train’s Lindsell Train UK Equity fund last month suffered its worst month for outflows since its 2006 inception, according to Morningstar data. Could this be a sign that investors are turning away from these investment superstars and looking for an alternative?

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About Author

Annalisa Esposito  is a data journalist for Morningstar.co.uk

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