Don’t bet on finding another Woodford

Fund managers of Neil Woodford's calibre are few and far between. Paul Amery explains why you're better off buying these passive funds instead.

Neil Woodford's High Income fund has returned his investors' seed money 22 times over in 25 years, far more than the index or an average of his rivals. Can his replacement duplicate this, or can Woodford do it elsewhere?

It's a very tall order. The sales pitch of active fund management is based on managers' skill, not chance. But managers who achieve what Woodford has done are statistically very rare.

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Paul Amery

Paul is a multi-award-winning journalist, currently an editor at New Money Review. He has contributed an array of money titles such as MoneyWeek, Financial Times, Financial News, The Times, Investment and Thomson Reuters. Paul is certified in investment management by CFA UK and he can speak more than five languages including English, French, Russian and Ukrainian. On MoneyWeek, Paul writes about funds such as ETFs and the stock market.