Terry Smith's Fundsmith beat the market for a decade, then trailed four straight years. £3.31bn fled in 2024. Most investors lost money vs a tracker. Why? Timing. They bought high after stellar returns, sold low during underperformance. Jack Bogle's iron law: money arrives after gains, leaves during losses. Even star managers can't beat that.
Investment platform design significantly influences investor behaviour, new eye-tracking research reveals. Simple changes like larger fonts for fund fees led participants to allocate 11.2% more to lower-cost options. The study shows how visual prominence affects investment choices, suggesting platforms could improve outcomes through better interface design without regulatory changes.
TEBI
Jul 215 min read
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