The number of funds delivering consistent top-quartile performance rose in the first quarter of 2020 despite severe market volatility caused by the Covid-19 pandemic, according to BMO Global Asset Management.
BMO's Q1 2020 Multi-Manager FundWatch survey showed the number of funds to achieve top quartile returns over a three-year period rose to 3.9% (42 of the 1,077 funds), up from 2.2% in the previous quarter. The IA North American sector had the highest proportion of funds with top quartile performance over three years with just over 14% making the cut. In contrast, the IA UK Equity Income and IA Strategic Bond sectors failed to deliver any funds that achieved this level of consistency, BMO GAM said. BMO GAM FundWatch: Central bank 'comfort blanket' helps fund performance Elsewhere,...
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