Only 5% of UK All Cos boast 5 year record

clock

F&C is stressing the importance of fund manager selection after its research showed just 12 funds out of 245 in the UK All Companies sector were able to outperform the median return in each of the past five years.

The gap is even more pronounced for North American funds, with just the single fund out of 62 beating the median in every year. F&C’s multi-manager director Richard Philbin says the figures highlight the value of identifying managers who can deliver consistent returns. “It just shows you cannot expect every fund manager to perform above average year in year out,” he says. “You need to try and find those who can deliver consistent returns, and put together the different managers doing different things at different times.” Dean Cheeseman, who co-manages F&C’s £1bn multi-manager range wit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 28 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read