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M&G and Jupiter languishing near the bottom of Fundcalibre’s index M&G Recovery fund and Jupiter UK Growth have dragged the fund houses’ average performance down M&G and Jupiter have consistently underperformed rival fund houses over the last five years, according to data from Fundcalibre’s latest Fund Management Equity Index. Bailie Gifford topped the chart for the first time, with its average fund returning 82.2% more than peers in the five years to 31 December 2020, the highest five year outperformance in the history of the survey. The Edinburgh fund house thrust three time winner Morgan Stanley into second place, with its five year average outperformance of 73%.

United statesUnited kingdomCity ofMichael stiasnyHarriet haberghamBailie giffordDaniel whiteAxa rosenbergDarius mcdermottRoss teverson jupiterSteve daviesTom dobellChris smithMorgan stanleyFund calibreRecovery fund