Given this backdrop, Kelly Prior, an investment manager in BMO Global Asset Management’s multi-manager team, isn’t surprised that consistency has waned. The report highlighted that half of the period under analysis had been “dominated by Covid” and all the “uncertainty, hope and fear” that has come with it. It’s also considerably lower than the ration’s historic range of 2 to 4%. This represented a significant decline on the previous quarter’s 1.9% ratio, achieved on the back of 20 funds hitting this target. Declining numbersīMO analysed 1,068 funds across the 12 main sectors of the UK’s Investment Association to see which had delivered top quartile returns in each of the last three 12 month periods.Īs only 11 portfolios had achieved this feat at the end of the third quarter 2021, this meant BMO’s consistency ratio fell to just 1.03%. Here we take a look at how the different sectors have fared – and reveal which portfolios have managed to constantly deliver for investors. Only 11 investment funds out of 1,068 have achieved consistent top quartile returns over the past three years, according to a new report.īank of Montreal (BMO) Global Asset Management’s latest multi-manager fund watch blames the low number on market uncertainty since the start of the Covid-19 pandemic.
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