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Who should pick your stocks: man or machine?
Investors fed up with paying hefty fees on funds run by professional managers are voting with their feet and opting for funds managed by computers instead. A total of £1.7bn has been poured into these index tracker funds so far this year – a record amount, the Investment Management Association said this week. Adrian Shandley of Premier Wealth Management said: "Investors are gravitating to trackers because they are fed up with active fund managers making the wrong calls. Picking the right active fund at the moment is a nightmare." Figures show that, on average, human stock pickers fail to beat the market. But so do ... (full story)