Worst fund managers.
If you haven’t yet seen this video, you must! It was produced by Stockspot, Australia’s fastest growing automated investment service.
I love this company. Its mission, its says, is “to make professional portfolio management accessible to more Australians. We want to do away with the high fees, confusing jargon, endless paperwork and lack of transparency that gives the wealth management industry a bad reputation.”
For the last three years, it has issued a Fat Cat Funds Report, charting the performance if nearly 4,000 superannuation and managed funds.
To highlight the findings of this year’s report, it’s produced a spoof awards video to “honour” the fund management companies which, it claims, have skimmed the most from investors’ returns in fees and charges.
The video is so hilarious it’s little wonder it has already amassed more than half a million views on social media.
Enjoy and share!
Coming soon: An interview with Stockspot’s CEO and founder Chris Brycki
ROBIN POWELL is a freelance journalist and the founding editor of The Evidence-Based Investor. Based in Birmingham, England, he founded Ember Television and Regis Media, and he specialties in helping disruptive financial firms to grow. He also campaigns for a fair, transparent and sustainable investing industry. You can follow him on Twitter at @RobinJPowell.