The IA North American sector is once again the most consistent sector in the Investment Association over three years, retaining the title for the third quarter in a row, according to the latest quarterly BMO Global Asset Management Multi-Manager Fund Watch survey.
Within the sector, 7% of funds consistently achieved top quartile performance over a three-year period, while 26.7% of funds in the sector achieved median returns over the same time span. Active funds achieve most consistent three year returns since 2008 Kelly Prior, investment manager at BMO Global Asset Management, described the performance of the region as "no surprise" thanks to "big tech stocks making up some of the biggest drivers of the US market rally". It was followed by the IA UK All Companies sector, of which 6.1% of funds delivered this level of consistency, and the IA ...
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