Half of UK investors don't know how their investment portfolio has performed over the last year, according to research.
Also, half of UK investors are unaware of the total value of their investments to the nearest £500.
The study conducted by Fidelity international, the UK's largest mutual fund manager, found that many investors do not check their investments regularly, 24 per cent check more than once a year and 13 per cent check twice a year.
Doug Naismith, managing director of European personal investments at Fidelity International, commented: "Not only do many investors fail to review their portfolios on a regular basis, but many also do so at the wrong time.
"It is important that investors look at the performance and make-up of their portfolio on a frequent basis and not just as a knee-jerk reaction to market volatility or when they need access to their money ."
Investments and savings are to the forefront of media recently, with the government's reform of the pension system meaning that company pensions or investments such as personal pension plans are perhaps the best option for many.
More must keep track of investments, experts warn
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More must keep track of investments, experts warn
Thu, 08 Jun 2006
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