Investors ‘keeping faith’ with underperforming managers
- On March 10, 2022
- By GrowthInvest Marketing
Investors are “keeping the faith” with big fund managers despite weaker performances in recent months, according to AJ Bell.
Scottish Mortgage’s share price has crashed 34 per cent in the year-to-date, sitting at around £8.50 a share, down from a peak of more than £15 in November 2021.
Terry Smith’s Fundsmith Equity has also stuttered this year, seeing its return drop to -13.2 per cent in the year to date to February 28.
According to its website, January this year was the worst month on record for the fund since its launch in November 2010, which saw a -9.5 per cent return.
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