Fund of funds can be slow burners - research

Over one year to December 31 2007, the proportion of unfettered fund of funds in the top quartile was significantly lower than for single manger funds, according to figures by T.Bailey using Lipper Hindsight. In the Global Growth sector for example, the proportion of top quartile FoFs was only 7.5% compared to 31.6% for single mangers. In the Active Managed sector the ratio was 17% to 35% while in the Cautious Managed it was 18.6% to 31.9%. After three years however, FoFs have nosed ahead in Cautious Managed and Global Growth although the proportion of single mangers in the top quartile...