Fund analysis from IFA Dennehy Weller & Co, the company behind Isa-TopTen.com, shows Fidelity's Spec...
Fund analysis from IFA Dennehy Weller & Co, the company behind Isa-TopTen.com, shows Fidelity's Special Situations fund fell 16.9% during September, underperforming its peers.
The analysis, produced for Isa-TopTen's website on a monthly basis, recommends that investors monitor the fund's performance over the next few months.
The group bases its top 10 selection on three year performance figures overlaid with its own qualitative process, which looks at factors like analyst support and strength or the company.
Funds identified as having performed well and making an entrance in the UK All Companies Sector top 10 are Artemis UK Growth and Norwich Union's UK Growth, which offered growth of 52% and 43% respectively over three years to the end of September on an offer to bid basis.
Three funds were downgraded and relegated from the group's top 10. They were the Henderson Long Corporate Bond fund, the Credit Suisse Corporate Bond fund and the Invesco Perpetual Corporate Bond fund.
They were replaced by Barclays Gilt & Fixed Interest fund, Gartmore's Corporate Bond fund and Threadneedle's UK Corporate Bond fund.
The analysis suggests the three new entries almost certainly had a bigger emphasis on shorter dated and more stable bonds in the last few months.
The top 10 is compiled using information on past performance as well as statistical analysis of growth, risk and consistency. The result, said Dennehy Weller & Co founding partner Brian Dennehy, is that a highly rated fund indicated the manager's skill outweighted luck , and therefore outperformance was more likely to continue.
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