Majority of active UK equity funds beat benchmarks over past year

80% outperformed index

Tom Eckett
clock • 1 min read

Four-fifths of sterling-denominated active UK equity funds outperformed the S&P UK BMI over the 12 months to mid-2017, according to research from S&P Dow Jones Indices. Over 10 years, however, this number drops to 28%.

The bi-annual S&P Indices Versus Active Funds (SPIVA) Europe Scorecard, which measures the performance of actively managed European equity funds against the performance of their respective S&P Dow Jones benchmark indices, found funds in the UK space achieved asset-weighted returns of 24.2% over the one-year period to mid-2017, versus 17.6% for the S&P United Kingdom BMI. In particular, UK small-cap funds were the "real star performers", returning 38.3% compared with 22.7% for the S&P United Kingdom SmallCap index. In the wider European market, 50.9% of euro-denominated European equity...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why the lead-up to the Budget may have been worse than the Budget itself

Why the lead-up to the Budget may have been worse than the Budget itself

What Rachel Reeves and Dr Evil have in common

Laith Khalaf
clock 13 November 2024 • 4 min read
Bank of England meets expectations with 25 basis point rate cut to 4.75%

Bank of England meets expectations with 25 basis point rate cut to 4.75%

'Continued progress' on disinflation

Valeria Martinez
clock 07 November 2024 • 2 min read
'Budget will be a reset for our economy' Reeves tells IMF colleagues

'Budget will be a reset for our economy' Reeves tells IMF colleagues

Autumn Budget on 30 October

Linus Uhlig
clock 24 October 2024 • 2 min read