Number of consistent top-quartile funds drops below 1% over three years
F&C Multi-Manager survey
The percentage of Investment Association funds hitting top-quartile returns over a rolling three-year period has fallen below 1%, according to the latest quarterly F&C Multi-Manager survey.
The quarterly survey found only nine of the 1,138 funds (0.8%) in the principal 12 Investment Association sectors that boast a three-year track record had achieved top-quartile returns in each of the last...
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