Quarter of investable funds in Europe 'irresponsible' subscale funds

Research from Morningstar

clock • 3 min read

Allianz, Amundi and BNP Paribas have been identified in research from Morningstar as the asset management firms with the highest number of so-called "orphaned funds" in their range.

The financial data giant has defined orphaned funds as subscale and dormant funds that disadvantage investors through high fees and poor performance. The report, compiled by the Morningstar Manager Research Services, EMEA team, also found that orphaned funds account for nearly 25% of the total investable universe with a median size of just €16.6m. Of these, 30.9% received a Negative rating - the lowest of Morningstar's five-tier quantitative and qualitative-based screening system, which gauges expectation for a fund to outperform over a market cycle. In total, almost 80% of orphane...

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

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Trian and General Catalyst to purchase Janus Henderson for $7.4bn

Will continue to be led by current management team

Patrick Brusnahan
clock 23 December 2025 • 2 min read
2025 reflections: How strong companies trumped politics

2025 reflections: How strong companies trumped politics

Fears of an AI market bubble persist

Ryan Hughes
clock 23 December 2025 • 3 min read
What does 2026 hold for investment?

What does 2026 hold for investment?

‘The disruptors of yesterday are now the establishment’

Jen Frost
clock 17 December 2025 • 3 min read