Fundhouse reveals fund selection track record

The firm found Tier 1 funds, which received Fundhouse's top rating due to showing the highest chance of adding value, outperformed their benchmarks 67% of the time net of fees while Tier 2 funds, which also received positive ratings but show some issues, beat the benchmarks 53% of the time, as at the end of July. Furthermore, Tier 3 funds, which have a negative rating and are predicted to not add value, underperformed their benchmarks 82% of the time. When compared to their peer groups, however, funds across the Tier categories outperformed, with the top rated funds beating peers 82% ...