Focus funds outperform UK All Companies funds

UK-focused funds launched by investment houses over the past 13 months have largely established themselves in the top performance decile of the UK All-Companies sector since their respective launch dates. A lot of hype has surrounded the launch of these funds, which typically hold between 25 and 35 stocks, as they offer potentially higher returns with greater levels of tracking error, high turnover and increased risk on the downside. Offer to bid figures from Standard & Poor's show the BWD Rensburg UK Aggressive fund is ranked first out of 298 in the All Companies sector since its launc...