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

What two pizzas tell us about Bitcoin

What two pizzas tell us about Bitcoin

Laszlo Hanyecz really needed a slice...

Laith Khalaf
clock 19 December 2024 • 6 min read
Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Bank of England MPC meeting due on Thursday

Sorin Dojan
clock 18 December 2024 • 3 min read
Trump, tariffs and why UK companies can still appeal

Trump, tariffs and why UK companies can still appeal

Is a trade war inevitable?

Sheldon MacDonald
clock 11 December 2024 • 4 min read