Is it time to rethink benchmarks?

After all, it is a good indicator of how they can expect the investment vehicle to perform, and provides a means of checking whether the fund is 'doing what it says on the tin' over time. But how much bearing should investors really place on a fund's performance relative to a benchmark, and should the managers themselves be taking a closer look at their benchmarks of choice? FCA shines light on fund benchmark and fee disclosures For investors wishing to know - at the most basic level - the fund's aim and whether it is achieving that aim, benchmark indices are arguably more useful i...