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.
The risk aversion characterising the global financial turmoil seems to be having an effect in the one-year World 100 rankings, with conservative strategies increasingly rising to the top of the table. As last month, mixed asset funds are in abundance, illustrating the value of diversification in turbulent markets. Global equity and global bond funds are also well represented, with commodity and natural resources funds continuing to pepper the listings in spite of the recent sell-offs in oil and other physical assets. There are a few more surprising trends in evidence as well, however. No fewer than nine real estate funds (primarily those investing in Europe) make it into the global top 100, with a couple of private equity/smaller companies funds thrown in. But as is clear from studying the UK and offshore fund returns in the following pages, there is more to investment success than simply being in a particular sector, and these funds' position in the World 100 reflect manager skill as well as luck. As ever, the performance appears in local currency terms to give investors and their advisers a 'clean' view of performance without the vagaries of currency conversion 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.
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