Tech: a must-have building block for your portfolio?
This week marks 34 years since the video game Tetris – one of the most widely-sold games in...
Each year, we conduct research to identify the asset management companies that have the most consistently strong stock-picking fund managers.
We look back over the past five years, to see which companies have shown they can add value for their equity investors year in, year out.
The result is our annual Fund Management Equity Index and our awards for the ‘Elite Providers for Equities’ – now both in their fifth year.
For the second year in a row, Morgan Stanley has claimed the number one slot. The company has shown strength across the board when it comes to its equity funds although its global and US equity funds were particularly strong.
Man GLG continues to build on its success and has risen from fourth place to second place in the table. Again, the company has shown strength across its range, with all four of its qualifying funds outperforming their sector averages.
Despite a turbulent year for equities – stock markets around the world peaked between May and September 2018 before the global sell-off caused them to tumble some 10% – five of last year’s top ten groups have maintained their consistent performance and are once again in the top ten this year.
Two companies; Baillie Gifford and T. Rowe Price, have been among the top ten companies in each of the five annual surveys we have conducted. In third and fourth place respectively this year, this means that both asset management businesses have equity teams that have outperformed over a period of time spanning almost a decade.
Both are also larger groups with 15 and 13 qualifying funds respectively. Maintaining such a level of consistency across that many products is extremely impressive.
|Rank 2019||Rank 2018||Fund group||5yr ave. outperformance (%)||% of funds outperforming||No. of funds|
|4||8||T. Rowe Price||21.80||84.62||13|
|9||New entry||Alliance Bernstein||16.20||80.00||10|