The number of funds delivering consistently top quartile performance over a three-year period to the end of Q4 slightly improved in comparison to previous quarters of 2022. However, the dramatic drop in performance persists.
According to the latest Columbia Threadneedle Investments Multi-Manager FundWatch survey, there was an improvement from the all-time low of Q3, which recorded only three funds (0.26%) out of 1,219 delivering consistent top quartile returns over the period. Despite the slight improvement, only six funds (0.5%) reached top quartile performance over the last quarter of 2022. This is significantly lower to the same period in 2021, when 31 funds (2.85%) achieved this. The six funds achieving top quartile performance in this quarter were the Invesco European Focus fund, the Liontrust Euro...
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