Today's published summary from Morningstar is a jaw dropper, coming just a few days after Morgan had the sheer gall to use his Herald column to castigate his competitors for poor performance.
Here's the 'money quote:-'
"The biggest contrast is in the growth sector where the Gareth Morgan Growth fund has attracted the most money at $121 million but is the worst performer over two years and bottom of the pack over the last three months.
The Gareth Morgan Balanced fund was also the largest balanced fund at $165 million but was second from bottom over two years and 18th out of 27 over the last three months."
It's time this financial undertaker made an undertaking to get out of the advice business. Clearly, he is a not much more than a mouthier version of Bryers and Petrecovic.