

F&C UK Mid Cap loses Elite Rating following manager resignation
Tom Wilson, manager of F&C UK Mid Cap, has resigned and will be leaving BMO Asset Management to...
River and Mercantile funds have delivered an impressive 51% average outperformance of their peers over the past five years* to top FundCalibre’s Fund Management Equity Index 2017. The group has climbed rapidly over the past three years, having secured 16th and 5th spots in 2015 and 2016 respectively.
It was followed in second place by Stewart Investors, which had a sector average outperformance of 33% over the last 5 years, while third place was taken by Unicorn, with 32% sector outperformance over the same period.
View the 2017 full results and commentary
Darius McDermott, managing director of FundCalibre, commented: “At a time when cheap passive funds seem to be getting all the focus, I think it is really important to highlight that a good actively-managed fund can really add value for investors.
“There are some great companies out there, from boutiques to global fund houses, which consistently outperform. Our index analyses the five-year performance of equity fund providers and the results show that, if you do your research, you can find some very good actively-managed funds that repeatedly do well for their investors.
“Consistently good active management is not a myth. Six groups have been in our top ten in the past three years, each in turn demonstrating outperformance over rolling five-year periods. This suggests a high degree of skill among their fund management teams.”
FundCalibre’s Fund Management Equity Index looks at the majority of actively managed equity funds recognised by the Investment Association and compares them with their sector averages over a five year timeframe.
Each fund group’s funds are then collected together to calculate the group’s average fund performance. Fund groups must have a minimum of four qualifying funds to be included in the index.