Fund houses and investors have been favouring new global equity strategies, with 111 being launched into the Investment Association (IA) Global sector over the last decade, according to new figures from Morningstar for Investment Week.
New global equity fund launches have exceeded those within the IA Unclassified sector - the market area to have recorded the second-largest number of fund launches over the time frame - by 40.5% Meanwhile, funds within the IA UK All Companies sector have struggled, with 145 closing during the period between 2010 and 2020. The figures reveal the tendency to move portfolios from being UK-centric to focusing on global equities, according to commentators. This has been due to a number of factors, explained Gavin Haynes, investment consultant at Fairview. "The long-term underperforma...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
