Just 1.8% of funds consistently achieved top quartile performance in past three years - BMO

According to the survey, which analysed 1,085 funds with a three-year track record in the 12 main IA sectors, just 1.8% of funds consistently achieved top quartile performance over the past three 12-month periods. This compares to 3.2% in the previous quarter and is below the historic average of between 2% and 4%. The drop is the result of managers who have increasingly specialised in investment styles across the funds industry, which drives less consistent performance in bifurcated markets. Kelly Prior, investment manager in BMO Global Asset Management's multi-manager people team,...