Dynamic Planner has expanded its risk profiling service to include investment trusts.

A Japanese fund - Legg Mason Japan Equity - has topped the best performing funds over the past decade but the best performers were a mixed bag with no single sector dominating.

I’ve always believed that when it comes to investing you should get what you pay for. If you buy an actively-managed fund you expect a smart human (and his or her friends) to be taking some wise decisions with your money. The personal touch, if you like.

7IM has warned that closed-ended funds do not belong on best buy lists despite the recent suspension of the open-ended Woodford fund due to illiquidity.