The number of funds consistently generating top-quartile returns over the last three years rose from 0.54% in Q4 2018 to 2.2% at the end of Q1 2019, marking a "return to normal levels" after heightened volatility at the end of 2018, according to new data from BMO GAM.
The three months to 31 March saw equity markets rebound and markets and asset prices rally following a particularly tumultuous December, when the FTSE All-Share, TOPIX and MSCI World fell by 3.8%, 7.1% and 7.4% respectively over the month. According to the BMO Global Asset Management Multi-Manager FundWatch survey, top-quartile returns stood at just 0.54% at the end of last year but rose to 2.2% in Q1 2019. The IA UK Smaller Companies sector was the most consistent for top quartile returns, with 10.4% of funds achieving top-quartile consistency over the rolling three years to the firs...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
