European Opportunities among seven funds at risk of removal from TILLIT best buy list

investmentweek.co.uk:

The report also revealed that the majority of active funds in the universe had outperformed their benchmarks and peer groups over the long term.

For the first time, the firm has published an annual report assessing the performance of the active funds in its curated best-in-class universe, which names the vehicles most at risk of being ejected for underperformance. 

These are Alquity Future World, AXA ACT Carbon Transition Sterling Buy and Maintain Credit, European Opportunities trust, First Sentier Responsible Listed Infrastructure, International Public Partnerships, Jupiter Strategic Bond and the Biotech Growth trust. 

Given the long-term underperformance of these funds, TILLIT has decided to carry out a «full review» to consider whether they are still appropriate for inclusion in its universe. 

TILLIT to share best buy investment committee reports

The report also revealed the majority of active funds in its universe had outperformed their benchmarks and peer groups over the long term. 

Of the active funds in the universe with a track record of then years or more, 82% beat their peer group and 74% beat their benchmark over the same period, while 74% of active funds with a track record of five years or more beat their peer group and 65% beat their benchmark.

The top performing funds in the TILLIT universe were L&G Global Technology Index, AXA Framlington Global Technology, Scottish Mortgage, VinaCapital Vietnam Opportunity, Fidelity Index US, De Lisle America, Rathbone Global Opportunities, Janus Henderson Global Sustainable Equity, CT US Equity Income and Polar Capital Global Insurance. 

TILLIT said the decision to publish the report comes amid increased scrutiny from the Financial Conduct Authority of fund investment