Less than 4% of funds deliver consistent top quartile returns over three years

Columbia Threadneedle

The number of funds delivering consistently top quartile returns over three years has reached 52 for Q3 2023, close to beating its historic average, a survey by Columbia Threadneedle has found.

According to firm's Multi-Manager Q3 2023 Fund Watch survey, of the 1,323 funds tracked across 12 sectors, 3.9% delivered consistent top quartile returns on a rolling basis over three years, up from 2.1% in the period. The historical average since the survey began in 2008 was between 2-4%. In the third quarter of last year, the number of funds delivering consistent, top quartile returns over three years reached an all-time low, with only 0.3% achieving this feat. The survey for that period found that the IA Japan sector saw the highest proportion of consistent top quartile funds, whil...