I would like to add few more things. At different times different fund mangers will outperform others in the market depend on how they allocate their fund across various asset classes. Now funds like Templeton, Milford and Aberdeen etc are more excited about frontier markets as they see more prospects there now. I believe index funds are better than ETFs. Identifying correct fund is the key.

http://citywire.co.uk/best-investment-funds

Citywire's ideas for top investment funds and fund managers

Our quick guide: every fund featured in Citywire Selection or run by a Citywire rated manager