(1888PressRelease)
March 26, 2009 - The latest half-yearly LemonAid report from Chartered Financial Planners Informed Choice has identified over 300 funds in need of urgent review.
The LemonAid report highlights those investment funds that are most likely to leave a bitter taste in the mouths of investors. LemonAid looks at a variety of factors in addition to past performance. It also considers risk adjusted return, consistency and cost, before arriving at the list of funds in each investment asset class that investors need to urgently review.
This second LemonAid report contains 327 investment funds across the different investment sectors, out of a possible 1,736 funds open to investors. Informed Choice estimates that over £36bn of investor money is currently invested in these 'lemon' funds.
Informed Choice chartered financial planner Martin Bamford commented:
"As the turbulence in world investment markets continues, investors need to be proactive when it come to firing and replacing underperforming fund managers. There are 21% more funds appearing in this list of lemons compared to six months ago.
"This analysis of underperforming funds should act as a call to action for both investors and any lazy advisers who are not providing a regular review of client assets. There are superior alternatives available in each asset class and modern financial products make it cheap and easy to switch."
The latest LemonAid report is avialable free to investors who visit www.informedchoice.ltd.uk/lemons.
Informed Choice Ltd is a firm of Chartered Financial Planners, working with individuals and small business owners in Surrey and the surrounding counties to build, manage and protect their wealth.
LemonAid is a half-yearly survey of collective investment funds based on the proprietary screening process developed by Informed Choice. The raw data used in this screening and ranking process is supplied by Synaptic Fund Research from Capita.
The report was compiled by Informed Choice chartered financial planner Martin Bamford who is author of Brilliant Investing: What the best investors know, say and do (Prentice Hall, £12.99).
Investors can access their free copy of the LemonAid report by visiting www.informedchoice.ltd.uk/lemons.
Informed Choice Ltd are independent financial advisers, authorised and regulated by the Financial Services Authority.
For additional information or high resolutions corporate photographs, please contact:
-Martin Bamford - 01483 274566 or 07736 444319
-Email: martin ( @ ) icl-ifa dot co dot uk
-www.informedchoice.ltd.uk
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