The IA Europe ex UK sector has taken the number one spot from the IA North America sector as it delivered the highest proportion of funds with top quartile returns over three 12-month periods as of the end of Q2 2021.
BMO Global Asset Management's Multi-Manager FundWatch survey, which analyses 1,046 funds with a three-year track record in the 12 main IA sectors, ranked the IA Europe ex UK as the top performer as of the end of Q2 2021, with 4.7% delivering top quartile returns over the three-year period. In the previous four successive quarters, the IA North America equity sector saw the highest percentage of funds achieving this feat. The IA Europe ex UK's success this quarter was driven by the sector being less exposed to technology stocks, instead holding a greater proportion of consumer and financi...
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