Fundology ... has several merits, but first among these is brevity. Its 127 pages won't detain you for more than a couple of hours but it will be time well spent. - Tom Stevenson, The Telegraph
Description of Fundology
Owning an investment fund is the easiest and most convenient way for investors to put their money to work in the world's financial markets. Yet only a handful of people really seem to understand how to make the most of the opportunity that funds offer. Too many pick the wrong fund in the wrong market at the wrong time - a sure-fire recipe for disappointment.
In this important new book, an award-winning manager at one of the UK's best fund management firms explains in simple language what it takes to buy and sell investment funds successfully - and how to avoid the common mistakes that so often condemn fund investors to poor results.
John Chatfeild-Roberts, head of the fund of funds team at Jupiter Asset Management, is responsible for sifting through the thousands of funds that are open to UK investors and hand-picking the best 10 - 15 for his clients' portfolios. The Jupiter Merlin range of funds has won a string of industry awards for their consistent performance.
Now, in Fundology - The Secrets of Successful Fund Investing, he explains in detail how to set about becoming an expert fund investor - what to do and (just as importantly) what not to do. While he concentrates on unit trusts and open-ended investment companies (OEICs), his specialist area, many of the principles outlined here apply equally well to other types of fund.
The topics covered include:
- Why funds are worth considering.
- How unit trusts and OEICs work.
- How to pick the best managers.
- The truth about costs.
- The trouble with index funds.
- Which funds the Jupiter team own (and why).
- The most common mistakes that investors make.
Easy to read and outspoken in places, Fundology is a must read for anyone interested in knowing how to get the most out of their investments. Knowing how the experts go about choosing funds can only increase your chances of improving your own success rate.
"John and his team have a terrific record for asset allocation - the right managers and, in particular, the right sectors at the right time - a true justification for active fund management."
- Sir Martyn Arbib
Founder and Chairman of Perpetual plc 1974-2000
"John Chatfeild-Roberts has been a loyal supporter of my funds for many years. There are few in our industry who know more about the business of picking funds than John does."
- Anthony Bolton
AAA-rated Fund Manager, Fidelity Investments
"The Jupiter Merlin team has one of the most successful track records in managing global equity fund of funds product, delivering consistent above-median annual returns since 1999, to rank top decile over both three and five years. Their success lies in both their skill in manager selection and in identifying macroeconomic or cyclical turning points."
- Standard & Poors
"John and his team have consistently identified the best fund managers before they have become well known."
- William Littlewood
AAA-rated Investment Manager, Artemis
"Genuinely active fund management has an increasingly important part to play in meeting the future expectations of Britain's savers. Identifying who are, and will be, the successful practitioners of this minority sport is one of the many challenges facing savers and their financial advisers."
- Neil Woodford
AAA-rated Fund Manager
Head of Equities, Invesco Perpetual
1. Introduction
2. The fund concept
3. How funds work
4. Growth or income, or both?
5. How to pick the best fund managers
6. What can past performance tell you?
7. The truth about costs (and index funds)
8. Asset allocation and managing risk
9. Jupiter Merlin in action
10. The secrets of success
Glossary
Acknowledgements & thanks
Appendices
Index
About John Chatfeild-Roberts
John Chatfeild-Roberts (43) has been analysing and investing in funds professionally for 14 years. He and his team manage the Jupiter Merlin range of funds of funds, for which they have been voted Best Multi-Manager Group of the Year for an unprecedented 3 years in a row - 2003, 2004 and 2005.
After graduating from Durham University in Economics, his early career was spent serving in the Army both in the UK and abroad. Before moving to Jupiter, he ran similar operations for Lazard Asset Management and Henderson Administration in the 1990s.
He is married to Doone. They have two children, Tom (12) and Harry (10), and live in Stilton Cheese country. John spends his spare time with the family walking and riding in the countryside, and in the summer, playing cricket.
Shopping basket
Fundology ... has several merits, but first among these is brevity. Its 127 pages won't detain you for more than a couple of hours but it will be time well spent.
