From: john boyle 
Newsgroups: uk.finance
Subject: Re: £10K short term investment advice
Date: Sun, 14 Aug 2005 18:43:14 +0100

In message , Alex  
writes

>>  Go for a good 'stock picking' fund or mix a few funds from the likes 
>>of Jupiter, InvescoPerpetual Fidelity and the likes in a wrapper.
>
>But then he'd get an 80% chance of a less than average performance, and 
>at much greater cost!

Not so. Your are generalising and pulling out some pretty old and 
misleading data methinks produced by a supposed 'independent' firm paid 
for by Virgin to push their tracker and since discredited. You are also 
getting side tracked by charges. If you invest in a tracker you MUST get 
mediocrity together with a huge over exposure to just a few stocks. 
Trackers purport to be 'safeish' but they are skewed to a handful of 
shares.

Look at the performance of Invesco Perpetual Income, Jupiter Income and 
Jupiter European (after charges) V a FTSE tracker. I havent just picked 
these retrospectively I have been saying the same thing about these same 
funds in this group for over 10 years, (ish).
-- 
John Boyle