Number of consistent top-quartile funds drops below 1% over three years

The quarterly survey found only nine of the 1,138 funds (0.8%) in the principal 12 Investment Association sectors that boast a three-year track record had achieved top-quartile returns in each of the last three 12-month periods. This 0.8% figure was well below the historical average of between 2% and 5%, while eight sectors failed to produce a single top-quartile fund over the period. The firm attributed the poor performance to geopolitics and central bank policies impacting the market, especially in the first few months of 2017. The IA Emerging Markets sector was the most consiste...