Do funds still need to beat the benchmark?

Richard Romer-Lee managing director, Square Mile Investment Consulting and Research   Assess funds on merit There is little doubt performance measurement, and rankings against IMA sectors, are becoming less appropriate and relevant when considering the performance of funds. Sectors are broadly drawn and contain funds with differing aspirations, approaches, fees, and risk levels. In a world where the responsibility and, therefore, risk for long-term savings has been transferred to individuals, we believe each fund should be assessed on its own merits. Investors should be clear...