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

Compares to 3.2% in previous quarter

Pedro Gonçalves
clock • 2 min read

The number of funds consistently achieving top quartile returns over three years fell to 1.8% in Q1 2021, according to according to the latest BMO Global Asset Management Multi-Manager Fund Watch survey.

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,...

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

As good as... Should investors rely on gold to protect portfolios during market dips?

As good as... Should investors rely on gold to protect portfolios during market dips?

'Gold is often bought more on hope than expectation'

James Flintoft
clock 04 December 2025 • 3 min read
Darius McDermott: The uncertain future of the US dollar

Darius McDermott: The uncertain future of the US dollar

'Investors need to be aware of the potential vulnerability of the dollar'

Darius McDermott
clock 03 December 2025 • 5 min read
Watch Professional Adviser's Working Lunch with Baillie Gifford - Unlocking Opportunities Beyond the US: Why now for the Baillie Gifford Managed Fund

Watch Professional Adviser's Working Lunch with Baillie Gifford - Unlocking Opportunities Beyond the US: Why now for the Baillie Gifford Managed Fund

Catch up on the discussion

Professional Adviser
clock 01 December 2025 • 1 min read