The F&C Navigator Progessive fund has outperformed the IA Mixed Investment 40-85% Shares over one, three and five years, according to FE Trustnet.
Potter added: “The industry is hell bent on charges, the focus on charges is disproportionate, understandable but disproportionate, and it is a fundamental flaw in the market place.
“My concern for the industry is that quite simply more and more people are being brainwashed or convinced that to choose the cheapest outcome is the best option.”
The F&C Navigator Boutiques fund lists an ongoing charge fee of 1.89% and the Progressive fund charges an OCF of 1.79%. Both funds’ OCF includes an annual management fee of 0.75%.
