Which sectors produced the most five Crowns?
The global small and mid-cap equities sector has the greatest percentage of 5 Crown funds in the August rebalance of FE fundinfo Crown ratings, with three of the 22 funds in the sector (13.6%) holding the highest honour.
The three funds that held 5 Crowns were the Bell Global Emerging Companies, Ellerston Global Mid Small Unhedged and Prime Value Emerging Opportunities funds – all of which retained their status during the rebalance.
The global equity sector had the most 5 Crown funds overall with 26 out of the 260 funds receiving 5 Crowns. While it had 25 funds in the last rebalance, only 13 retained their position this time round.
Three of those came from Zurich – the Concentrated Global Growth, Global Growth Share Scheme and Unhedged Global Growth Share Scheme funds.
The other 5 Crown funds in the global equity sector were AtlasTrend Big Data Big, Carnegie Worldwide Equity Trust, CC Marsico Global, Custom Portfolio Solutions Global Growth, Hyperion Global Growth Companies, Insync Global Capital Aware, Intermede Global Equities, Legg Mason Martin Currie Global Long-Term Unconstrained, Magellan Global and T. Rowe Price Global Equity.
Under the FE fundinfo Crown Rating methodology, the top 10% of funds regardless of sector were awarded 5 Crowns.
Six other sectors achieved having over 10% of its funds being in the 5 Crown category: mixed asset – growth (12.87%), mixed asset – flexible (12.12%), global property (12.07%), mixed asset – aggressive (11.48%), fixed interest – inflation linked bonds (11.11%) and Australia small and mid cap equity – Australia small/mid cap (11%).
In the mixed asset – growth sector, 13 of the 101 funds held 5 Crowns with 11 of those retaining them from last time.
IOOF had four funds which retained 5 Crowns – the MultiMix Balanced Growth, MultiMix Growth, MultiSeries 70 and MultiSeries 90, while BlackRock had three which were the Scientific Diversified Growth, Scientific Wholesale Diversified Growth and the Tactical Growth fund.
In the mixed asset – flexible sector, there were 66 funds in total with eight holding 5 Crowns.
Only one of those funds, the BT 1960s Lifestage fund, retained its position as the rest were upgraded. BT’s four other Lifestage funds, covering the 70s, 80s and 00s, were downgraded from 5 to 4 Crowns.
AUTHOR
Chris Dastoor
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