Are fund managers stupid? Or lazy?

Yes, it's an emotive title.  It's designed to shift attention away from fund charges to fund performance.

Our own research highlights that 92% of all funds consistently fail to beat an undemanding benchmark. 

This begs the awkward question: are fund managers stupid or lazy?

In this ebook we seek to answer that thorny question.  Along the way we also uncover encouraging pointers for private investors as they strive for consistent success.

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