One of the most telling things you can do when you seek an answer is to run the numbers that may help you interpret the information for you.
Many people are at least familiar enough with Poker to understand ‘3 of a kind’, that means getting three kings, or aces, or two’s, in any case the odds of getting three of a kind are 47 to one. According to research by Morningstar only 17 mutual funds (they tend to be called managed funds this side of the Atlantic) out of 2,100 returned a profit so that means its about 123 to 1 odds that your fund performed.
A point of interest is that of the seventeen in profit for year to date and the last twelve months three of them are run by the same person, and that person is also a woman [which might tell us that it’s not a mans world after all! Female fund managers are rare so it is great to see that the ones who …