People who invest in unit trusts are generally told they should invest for the long term. For most of us, five years qualifies as “long term”. 

What do you do if your unit trust has delivered pathetic growth over the past five years? Is it a good idea to sell? If so, how do you decide on a replacement? How will you know that your replacement is going to be any better than the fund you are selling? This is the conundrum many unit trusts and their advisers face...