Welcome to the World 100, which is the top performing funds across all market sectors, irrespective ...
Welcome to the World 100, which is the top performing funds across all market sectors, irrespective of the country of domicile, as measured by Lipper and calculated on a total return basis. This list allows investment specialists to get a truly global perspective on where returns are being generated.
Surely the conclusion to draw from this list of the top 100 mutual funds as ranked by one year performance in their base currency is the success of multi-strategy approaches over a 12-month period which has been the most volatile in global market terms, arguably since the 1929 Wall Street crash.
While the multi-asset approach has clearly been a success, the appearance of specific asset portfolios, such as private equity and emerging markets, both single and multi-country, proves the point that it is the fund and the fund manager which is always the key, not solely the sector they invest in.
The performance appears in local currency terms to allow investors and their advisers to get a 'clean' view of performance without the vagaries of currency translation and hedging strategies.
The World 100 rankings are based on total return percentage growth over one year, in local currency terms, giving the purest measure of fund performance without being impacted by exchange rate fluctuations. The funds are included regardless of domicile, and are drawn from the Lipper Global universe, covering 80 countries. Alpha and Sharpe Ratio calculated using fund-specific benchmarks and risk-free rates.
TR stands for Total Return, Local Currency.
The % figures are based on bid to bid, income reinvested.
The data does not cover funds domiciled in Argentina, Brazil, Canada, Mexico, Panama and Puerto Rico. The tables will be expanded in future issue to cover funds form these countries. The current data does cover funds domiciled in the USA.
£300bn of liabilities
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