Seventeen fund groups among first to be given 'elite' rating

The rating applies to fund houses included in the firm's Fund Management Index, which was launched earlier this year. To be eligible, groups must have at least four qualifying actively managed equities funds. The index then ranks them based on their outperformance, with the top quarter of companies awarded the elite rating. Related reading: Ten times to remember clients' 'buy and forget' funds Among those companies, the average fund outperformed its sector by at least 10% on a five-year view, with Unicorn Asset Management topping the table due to an impressive 50.9% average outper...