Less than 4% of funds deliver consistent top quartile returns over three years

According to firm's Multi-Manager Q3 2023 Fund Watch survey, of the 1,323 funds tracked across 12 sectors, 3.9% delivered consistent top quartile returns on a rolling basis over three years, up from 2.1% in the period. The historical average since the survey began in 2008 was between 2-4%. In the third quarter of last year, the number of funds delivering consistent, top quartile returns over three years reached an all-time low, with only 0.3% achieving this feat. The survey for that period found that the IA Japan sector saw the highest proportion of consistent top quartile funds, whil...