FundCalibre’s annual Fund Management Equity Index assesses all actively managed equity funds recognised by the IA and compares them with their sector averages over a five-year timeframe.
Each group’s funds are then combined to arrive at the group’s average fund performance. Groups must have a minimum of four qualifying funds to be included in the index.
Biggest fallers include Liontrust, which has dropped from 11th place to 46th.
FundCalibre did highlight that in some cases outperformance applied to all, or most, applicable funds, while others saw a lower percentage of total funds beat their peer group.
Man GLG’s Continental European Growth fund and OMGI’s UK Dynamic fund significantly buoyed the group’s average performance, for instance.
