Business & Investment

Best Invest states that top fund lists will face constant review

Best Invest states that top fund lists will face constant review


Best invest, a wealth manager who is part of financial services firm Tilney, will unveil a new “best fund list” in the controversial market this month.

Unlike some competitors, investment trusts and index-tracking exchange-traded funds are on a strong list of 119 dominated by unit trusts and open-end investment companies.

The best buy recommendation market has been polluted since competitor Hargreaves Slansdown advertised the failed fund Woodford Equity Income as the top buy until it was suspended in June 2019. Many investors have lost half of their savings as a result of the dissolution of the fund.

Pollution: The Best Buy Recommended Markets have been polluted since competitor Hargreaves Slan’s Down promoted Woodford Equity Revenues for Funds that failed.

Hargreaves Slansdown has since rebranded its recommendations as a “Wells Shortlist” of over 50 options. Other wealth managers also offer top buys, such as the “ii Super 60” sold by Interactive Investors.

Bestinvest claims to provide an ongoing review process to prevent such errors from occurring in patches. This includes screening actively managed funds to review the decision-making process and making sure they are not simply hugging benchmark indexes such as FTSE All-Share.

Also, look for managers to put their money into the fund, looking at the impact of management changes on the fund’s performance.

Among its preferred UK-focused funds are Jupiter UK Special Situations, Liontrust UK Growth, Threadneedle UK Equity Income and Evenlode Income. Global recommendations include Loomis Sayles Global Growth Equity, Fundsmith Equity, and Fidelity Global Dividend. For investment trusts, Henderson SMEs, Fidelity Special Value, Edinburgh Worldwide and Pacific Assets are recommended.

Jason Hollands, Managing Director of Bestinvest, said: That’s why we’re looking at the entire market, including investment trusts.

The 40-page best fund list for Bestinvest can be downloaded for free from bestinvest.co.uk / research / the-bestfunds-list.

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Best Invest states that top fund lists will face constant review

https://www.dailymail.co.uk/money/investing/article-10075855/Top-funds-list-face-constant-vetting-says-Bestinvest.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 Best Invest states that top fund lists will face constant review

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