The problems of comparing like with like

Institutions like benchmarks. Their jobs are a little safer when they can compare their bad performance to an even worse industry average. 'Yes, we are down this year but have you seen Nasdaq!' is a comment I have heard more than once this year and so, no doubt, have many clients. Conversely, portfolio managers can give themselves a pat on the back when they pick funds which perform consistently higher than their peers ' a great sweetener if fees are increasing and an even better way for an indi

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: