sei investments claims managers are unwise to switch styles when market conditions change
European fund managers are moving towards growth-based investing, according to research by manager of managers, SEI Investments. Its in-house analysis has identified this shift, according to Mark McCarron, director of UK, Europe and EAFE manager research at the group. Its research highlights that managers who outperform tend to be following a style that is favourable to the market conditions of the time, meaning performance has little to do with skill. McCarron said in 85% of cases, the investment style of a fund rather than the manager's capability is responsible for a fund's retur...
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