Fund Management Equity Index 2021

Baillie Gifford knocks Morgan Stanley off the top spot

Having been there or thereabouts for the past decade, Baillie Gifford has finally claimed the top spot in FundCalibre’s seventh annual Fund Management Equity Index, pushing three-times winner Morgan Stanley into second place.

Each year, FundCalibre’s research team identifies the asset management companies that have the most consistently strong stock-picking teams.

Looking back over the past five years, the analysis shows which companies have demonstrated they can add value for their equity investors year in, year out.

The result is the annual Fund Management Equity Index and the award for the ‘Elite Providers for Equities’ – now both in their seventh year.

Baillie Gifford finally claims first place

Having claimed the top spot for three consecutive years, Morgan Stanley was pushed into second place this year by Baillie Gifford, whose average fund returned 82.16% more than its peers over the five years to 31 December 2020. This is the highest average five year outperformance in the history of the survey.

Ever-present in the top 10 in the past seven years, Baillie Gifford has risen to first place in the index with 15 of its 16 eligible funds outperforming across numerous stock markets. The firm was helped in no small part by Baillie Gifford American, which was the best performing fund of the year, returning 121.84% – 105.67% more than its average peer. A further four Baillie Gifford funds outperformed their sector average by 50% or more.

Top ten fund groups 2021

Rank 2021Rank 2020Fund Group5 yr ave. outperformance% of funds outperformingAverage OCFNo. of Funds
12Baillie Gifford

82.16%

94%

0.62%

16

21Morgan Stanley

73.00%

100%

0.91%

4

37Comgest

36.68%

75%

0.95%

4

45T. Rowe Price

31.39%

75%

0.92%

16

5NewFSSA

26.44%

75%

1.09%

4

64Wellington

23.05%

80%

1.04%

5

735Matthews Asia

22.32%

67%

1.29%

9

838JP Morgan

18.77%

65%

0.81%

20

926 & 57Premier Miton

18.67%

64%

0.92%

11

1025Legg Mason Martin Currie

16.69%

60%

1.07%

5

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This article is provided for information only. The views of the author and any people quoted are their own and do not constitute financial advice. The content is not intended to be a personal recommendation to buy or sell any fund or trust, or to adopt a particular investment strategy. However, the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Past performance is not a reliable guide to future returns. Remember, all investments can fall in value as well as rise, so you could make a loss. Before you make any investment decision, make sure you’re comfortable and fully understand the risks.Further information can be found on Elite Rated funds by simply clicking on the name highlighted in the article.