Stephen Cranston Writer & columnist

There is something to be said for the old adage that you should pick your unit trusts from the worst performers of the past year and not the best.

It makes sense, because managers with a value bias will not do well in a technology boom, while growth managers who overpaid for "exciting" shares will see these prices revert to the mean during a value phase...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now