The number of funds consistently delivering top quartile performance over the last three years almost quadrupled to 23 out of 1,261 in the first quarter of 2023.
This compared to just six in Q4 last year and the all-time low of three in Q3 2022, Columbia Threadneedle's Multi-Manager Fund Watch survey revealed. However, the 1.8% of top performing funds in Q1 still sat below the historical average range of between 2% and 4%. Nevertheless, the survey revealed improvement across the board, with the number of funds with above average returns across the last three years growing from 82 funds (6.7%) in Q4 2022 to 136 funds (10.8%) in Q1 2023. The survey showed that the IA UK Smaller Companies sector had the highest proportion of top performing fun...
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