These statistics are aimed at providing intermediaries with more flexible information than just th...
These statistics are aimed at providing intermediaries with more flexible information than just the total return and volatility scores of a fund in a specific sector.
Consistency is the main thrust of the statistics and, to judge this, intermediaries can look at the number of negative months the fund experienced over the 12-month period, including the month it achieved its largest fall.
Funds with high returns but a large number of negative months show the manager achieved the gains sporadically, possibly through large gains made on a few of the holdings rather than the balance of the portfolio itself.
By looking at the difference between the largest monthly gain and the largest monthly fall, advisers can more easily see the volatility, or lack of volatility, produced by the manager.
The inclusion of the date of the largest fall should enable advisers to see if the manager's worst month was a correspondingly bad month for the markets as a whole or whether there was something more fund-specific that resulted in such a drop.
The last column in our statistics helps to project forward, showing if the fund achieved negative returns over the 12-month period, how much it would have to gain over the next 12 months to return investors' original capital.
The tables for Japan and North America only show the top 35 funds, ranked first by least number of negative months and then by total returns over 12 months.
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