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%.
Hargreaves funds recoup a further £65m from Woodford payments in 2020
Multi-manager funds had already received over £300m from first payout last January
Hargreaves Lansdown’s multi-manager funds have recouped a further £65m-worth of assets trapped in the Woodford Equity Income fund in 2020.
Investors in the six multi-manager funds that held Neil Woodford’s former fund received around £312m in the first round of payouts distributed by authorised corporate director Link Fund Solutions last January.
Since then, they have received around £22m in the second distribution in March, £27m in the third payout in August and close to £15m in the fourth round at the end of December, according to figures disclosed in the multi-manager annual accounts.
Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points
Equity funds ride coronacoaster’ to finish 2020 on a high
Equity funds experienced a rollercoaster year after the coronavirus-induced volatility in March, before ending on a high.
Global equity funds closed a torrid year on a record high as investors were buoyed by news of a vaccine rollout.
November saw savers invest a record £8.3bn, beating the previous record of £5.7bn net retail sales from September 2017, according to data from the Investment Association (IA).
With interest rates at almost zero investors turned to the equity market, spurred by vaccine developments and a Brexit deal. Equity funds were the best-selling asset class in November with £4.1bn in net retail sales.