Funds & ETFs 

Tough year for Train, reasonably valued growth and Troy's income expansion

It’s not often that highly regarded manager Nick Train has to apologise for his funds' performance, but a rare year of under performance has resulted in exactly this. Mr Train tells deputy personal finance editor Kate Beioley what went wrong, how his funds are doing now and which holdings are doing well. He also explains how he runs his funds and his investment approach, which includes avoiding chief executives and being optimistic. 

OTHER STORIES IN THIS ISSUE

 

This week's tip highlights a fund invested in a market which despite a good run still looks better valued than some of its developed markets peers. The fund also has an outstanding performance record, regardless of economic conditions and investment trends, so could be a good way to buy what looks like reasonably valued growth.

 

Troy Asset Management has appointed former BlackRock equity income head Mark Wharrier as assistant manager of Trojan Income Fund (GB00B01BNW49). We explain why Troy has hired him, what Mr Wharrier's record is and what his departure means for the BlackRock funds he is leaving.

 

In our latest podcast Don Smith, chief investment officer at Brown Shipley, considers whether European smaller companies can continue their good run and what effects currency movements might have on your returns. Personal finance writer Emma Agyemang, meanwhile, looks at strategies for managing your portfolio through volatility.

Our podcast is now available across five different distribution channels to allow you to access it in the most convenient way. Find us on Soundcloud, Acast, Audioboom, Stitcher and iTunes.

 

This week's Portfolio Clinic features a reader who hopes to build up his portfolio over the next five years so that it will yield £30,000 a year. Our experts explain why he will need to lower his expectations and how chasing yield could lead him into value traps.

 

Do you have a personal finance problem? Or want to know more about something in this week's personal finance pages? If so let us know by getting in touch with leonora.walters@ft.com, kate.beioley@ft.com or emma.agyemang@ft.com.

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