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Archive for the ‘Nick Train’ Category

Consistency In fund performance

According to the multi-manager team at Thames River Capital, only 16 out of the 1188 funds in the 12 main UK sectors have delivered top quartile returns in all three of the last three fiscal years (March to March). Only 102 of the funds, or less than 10% of the total, managed to achieve even above average returns in all three years. In many sectors, including all the bond funds, not one fund managed to be top quartile in each of the three years. Shock horror? No, this lack of consistency should come as no surprise, since most funds tend to follow a consistent style and thus their relative performance invariably changes when the market itself changes direction, as it notably did in March 2009. Read the rest of this entry »

Written by Jonathan Davis

May 28, 2011 at 4:54 PM