With various online brokers, including our sister website Interactive Investor, Neil Woodford regularly tops the sales chart as the most-bought UK fund.
Investors are drawn to the fund due to the fact that the manager has earned his stripes in beating the stock market and a majority of fund rivals, over various business cycles, in his 25-year plus career.
But new research by broker TD Direct has placed Woodford in 15th place in its Best of British fund league table, which reviews how fund managers in the three main Investment Association (IA) UK equity-focused sectors have performed over the past decade against their peers (defined as the fund sector average).
Woodford has delivered an average return of 8 per cent on an annual basis over the last 10 years to the end of 2016. On average the fund manager has beaten the average fund performer in the IA UK equity income sector by 2.6 per cent each year.
BEST OF BRITISH
In contrast Mark Slater, manager of MFM Slater Growth, a Money Observer Rated Fund, boasts an annualised average return of 12.6 per cent over the past decade. It has beaten its rival funds in the IA's UK all companies sector by 7.2 per cent on average each year.
Slater invests in smaller companies with unique business models and strong growth prospects, buying for the long term.
Taking silver and bronze medals in the league standings are the managers of two other Money Observer Rated Funds - Nick Train, who runs CF Lindsell Train UK Equity, and Liontrust Special Situations' managers Anthony Cross and Julian Fosh.
Michelle McGrade, chief investment officer of TD Direct Investing, says: 'There has been much criticism of active funds, with many saying that the average manager has failed to beat the benchmark. But what this means is that people shouldn't invest in an average manager.
'We analysed more than 400 UK funds looking for equity managers with a track record longer than 10 years, so ranking in the top 25 for 10-year performance is a great achievement - these managers really are the best of British.'
The full table comprising all the 25 names that made the cut can be found below.
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