BMO GAM: Funds hit record performance lows in Q1 of 2022

Five top-quartile funds over three years

clock • 1 min read

Economic shocks following war in Ukraine led to the first quarter of 2022 with only a tiny number of funds generate top quartile returns over three consecutive 12 month periods, according to research by BMO Global Asset Management.

Just five (0.45%) of the 1,115 funds in the 12 sectors researched achieved this rate of returns as at the end of Q1 2022, compared to 2.1% in the previous quarter. This is the lowest number recorded since the FundWatch survey began in 2008 and is well below the historic average of between two% and 4%. In the quarter, already-rising bond yields and commodity prices were significantly impacted by the Russian invasion of Ukraine and the subsequent global sanctions against Russia, as well as wider economic shocks such as the ongoing supply chain crisis. The funds registering top-quartile ...

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