It is a phrase that appears on just about every advertisement in the asset management industry that promotes a fund. But even though any investment expert will say “past performance is no guide to the future”, it is hard to ignore the past in the absence of other ways to illustrate a fund manager’s abilities.
The content you are trying to access is only available to users with an FTAdviser.com subscription
Subscribe to FTAdviser now for:
- Full access to articles written by the Money Management team
- No limit to the number of articles you can read every month
- The ability to use Money Management's uniquely prepared fund statistics - on the web, or by downloading a pdf