First Class Funds

The most significant change sees Neil Woodford’s Equity Income fund disappear from the list after a period of under-performance. There are three schools of thought about under-performing funds:-

1) Switch out straightaway to a fund you regard has greater potential
2) Leave your money in the fund as successful managers will turn it around
3) See a buying opportunity and add more money

Whatever your view, we hope that the new list and the latest Fundwatch magazine give you some food for thought. 

A new company, FP Crux, appears on the list for the first time but with a manager who will be familiar to many of you. Richard Pease runs the European Special Situations fund, having previously managed European funds for Jupiter, New Star and Henderson..