Only six funds have managed to consistently be among the best in their sectors over the three years to the end of 2018, as market volatility during the final three months of last year meant many managers struggled to maintain above-average returns.
BMO Global Asset Management's quarterly Fund Watch report found that only six out of 1,108 funds in 12 of the largest Investment Association (IA) sectors, or 0.54 per cent of them, were consistently in the top 25 per cent of their sectors in terms of performance over the three years to 31 December 2018. This is down from 18 funds over the three years to 30 September 2018.
The funds include TM Cavendish Aim (GB00B0JX3Z52), TB Amati UK Smaller Companies (GB00B2NG4R39) and Jupiter UK Smaller Companies (GB00B3LRRF45), which have managed to mitigate losses and remain in the top quartile of the IA UK Smaller Companies sector since October 2015.
The other funds consistently in the top 25 per cent of their sectors in terms of performance over the three years to 31 December 2018 are Royal London Ethical Bond (GB00B7MT2J68), LF Miton European Opportunities (GB00BZ2K2M84) and Pimco GIS Euro Long Average Duration (IE00B0MQV914).
