Style bias key to UK performance

Style bias is proving to be the key determinant of performance in the UK All Companies sector over the three years to the end of August. During this period, the average fund in the sector has risen 18.84%, offer to bid, while the 74 named growth portfolios have returned 20.4%. Special situations and recovery funds have on average massively outperformed the sector over three years. The 11 named special situations and recovery funds have delivered an average return of 59.11%, outperforming named growth funds by 38.71%. A number of growth funds have delivered very strong returns over thr...