An index tracker is a simple and cheap way in for people who want to buy equities and not monitor their investments too closely.
We rate all Japanese funds as a nine or 10 out of 10 on the risk scale, but for those investors looking for a less volatile option than the Legg Mason fund, JP Morgan is our fund manager of choice.
My concern is that he has only looked after much smaller pockets of money before this. People will want to see how he proves himself before committing money.
I would argue...that if you use a discount broker you could do as well as a fund of funds.
