[Qn for Dora] When we hear our advisers say "high conviction funds" or similar, do they necessary reflect the views of the fund house?

Not entirely. House views are often more on general, broad views of markets and macro-economic conditions. A “high conviction fund” describes a portfolio manager’s style of taking on a more concentrated portfolio by having a greater weight on positions that he/she feels strongly about, backed by research and experience in markets.

ETFs are almost always the better choice for the retail investor and today offer cheaply almost the whole investing universe.

Mutual funds and Unit trusts on average (1.4% annual fees and underperformance of euphemistically named 'active management') will burn your money versus passive ETFs (around 0.4% annual fees, a longterm very significant and relevant comparison).

Be prudent, stick to passive indexing and lookout for ETFs with - rule of thumb - annual fees below 0.30% annually (TER - ('total expense ratio')