Other trends in the data included fund managers focusing exclusively on active management tending to do best, and funds managed by retail banks tending to be the worst performers.
“The top ten is a mix of houses, from boutiques to global businesses,” said Darius McDermott, managing director of FundCalibre. “Key to their success was not their size or dominance, but a real focus on fund management. For example, while Unicorn tops the list as a boutique, equally impressive is Invesco Perpetual’s achievement in having 85% of their 26 qualifying funds outperform.”
“The goal of the index is to highlight to investors those fund houses that are consistently the best stock-pickers and able to repeat their excellence in equity fund management,” McDermott continued. “This consistency is underlined by the fact that nine out of last year’s top ten groups went on to outperform over the following 12 months by an average of 3.5%.”
The full table and further details can be seen here
