Lindsell Train Global Equity, Robeco Global Consumer Trends Equities strategies join highest rated on SharingAlpha platform

The Robeco Global Consumer Trends Equities and Lindsell Train Global Equity funds have become the top new entrant to the latest update of funds most highly rated by SharingAlpha’s platform users, constituting professional fund selectors across Europe and beyond.

Other funds advancing on the leaderboard include the Cobas Internacional and Magallanes European Equity funds, which have consolidated their position amongst the five highest rated funds. Meanwhile, the LionTrust European Equity Income and Oppenheimer Developing Market funds retain their respective first and second ranking according to the platform methodology.

The funds are rated on the key factors of people, price and portfolio. The scores represent the ‘wisdom of the crowd’, as they are based more on qualitatively derived expectations of fund selectors rather than backward looking quantitative filtering.

Highly rated funds

FundDomicileAverage RatingRatersPosition
Liontrust European Income FundUnited Kingdom57same
Oppenheimer Developing Markets FundUnited States4.95same
Cobas Internacional FISpain4.875up
Magallanes European Equity FISpain4.8320up
Robeco Global Consumer Trends EquitiesLuxembourg4.825new
Sextant PEAFrance4.8215same
Invesco Global Leisure FundLuxembourg4.818down
Lindsell Train Global Equity FundIreland4.87new
Cobas Selección FISpain4.88down
Vanguard US Opportunities FundIreland4.86down

From the scores attributed to individual funds by fund selectors, SharingAlpha can compare the performance of those funds against equivalent ETFs, to gauge the alpha generation attributable to the skill of the selector. The closer the performance of the fund to the expectation of the selector, the higher the score of the selector. This is called a ‘Hit Score’ by SharingAlpha, which can then be compared between peers to identify groups of selectors who consistently do well, exhibiting selection skills.

The platform also enables fund selectors to run funds of funds, to establish asset allocation rankings. Again, this facilitates the generation of a track record of measurable skill on the part of the selector.

The data generated by platform users also enables SharingAlpha to provide updated rankings of providers, popular funds, popular categories, highly rated funds by category, and highly rated hedge funds. The ratings are provided on the basis of data available to the end of July 2018.

Highly rated providers

ProviderFunds RatedRatingsRating
Legg Mason13564.31

Most popular funds

FundDomicileFund of Fund CountPosition
Fundsmith EquityUnited Kingdom26same
Old Mutual Global Equity Absolute Ret FdIreland21same
M&G Optimal Income FundUnited Kingdom16up
Magallanes European Equity FISpain15up
BSF European Opportunities Extension FdLuxembourg14same
Nordea 1 – Stable Return FundLuxembourg14down
Morgan Stanley INVF Global Opportunity FundLuxembourg14up</td
JPM Global Macro Opportunities FundLuxembourg13new
Allianz Europe Equity GrowthLuxembourg12down
Hermes Global Emerging MktsIreland12down

Popular categories

CategoryScoreAllocation ScorePosition
Europe Equity Mid/Small Cap100100same
UK Equity Mid/Small Cap5951up
Market Neutral4947down
Africa Equity5417up
Consumer Goods & Services Sector Equity2038new
Europe Equity Large Cap3919same
Africa Fixed Income3423down
Precious Metals Sector Equity4015down
Asia ex-Japan Equity2821up
Technology Sector Equity2919down

Highly rated funds by category

Aggressive AllocationMFS Meridian Prudent Wealth FundMFS
AllocationBlackRock Global Allocation FundBlackrock
Asia ex-Japan EquitySchroder ISF Asian OpportunitiesSchroders
Asia Fixed IncomeMatthews Asia Fds Asia Credit OppsMatthews Asia
Asia EquityFidelity Pacific FundFidelity
Cautious AllocationInvesco Pan European High Income FundInvesco
Greater China EquityJanus Henderson China Opportunities FundJanus Henderson
Commodities Broad BasketVontobel Dynamic CommodityVontobel
Consumer Goods & Services Sector EquityRobeco Global Consumer Trends EquitiesRobeco
ConvertiblesUBS (Lux) IF Global Convertible BondsUBS
CurrencyFirst Trust FactorFX ETFFirst Trust
Emerging Markets EquityOppenheimer Developing Markets FundOppenheimer
Emerging Markets Fixed IncomeBGF Emerging Markets Bond FundBlackrock
Energy Sector EquityFirst Trust North Amer Engy InfrasFundFirst Trust
Europe Equity Large CapLiontrust European Income FundLiontrust
Europe Equity Mid/Small CapMagallanes European Equity FIMagallanes
Euro Fixed IncomeLa Francaise LUX Multistratégies ObligatairesLa Francaise
Euro Money MarketBNP Paribas Money 3MBNP Paribas
Flexible AllocationBelgravia Épsilon FIBelgravia
Global Equity Large CapLindsell Train Global Equity FundLindsell Train
Global Equity Mid/Small CapTrue Value FIRenta 4 Gestora
Global EquityEurizon Sustainable Global EquityEurizon Capital
Global Fixed IncomePIMCO GIS Global Bond FundPimco
Market NeutralPictet TR – AgoraPictet
Long/Short EquityCharlemagne OAKS Emerging and Frontier Opp FundFiera
High Yield Fixed IncomeNordea 1 – European High Yield Bd Fd IINordea
India EquityKotak India Midcap FundKotak
Industrials Sector EquityRobecoSAM Smart Materials FundRobeco
Inflation LinkedSanlam Multi Mgd Inflation Lnkd BondSanlam
Japan EquityJanus Henderson Horizon Jpn Smr Coms FdJanus Henderson
MiscellaneousEaton Vance Global High Yield Bond FundEaton Vance
Moderate AllocationAcatis – Gané Value Event Fonds UIAcatis
MultialternativeSchroder GAIA Two Sigma DiversifiedSchroders
Other AlternativeH2O VivaceH2O
Other Europe EquitySextant PEAAmiral Gestion
Other Fixed IncomeGAM Star MBS Total ReturnGAM
Precious Metals Sector EquityBGF World Gold FundBlackrock
Property-DirectSchroder UK Real Estate FundSchroders
Other Sector EquityRobecoSAM Sustainable Water FundRobeco
Real Estate Sector EquitySchroder Global Cities Real Estate FundSchroders
Natural Resources Sector EquityInvestec GSF Global Natural Resources FdInvestec
Technology Sector EquityDNB Fund TechnologyDNB
Sterling Fixed IncomeGAM Star Credit Opportunities (GBP)GAM
UK Equity Large CapJupiter UK Special Situations FundJupiter
UK Equity Mid/Small CapLiontrust Special Situations FundLiontrust
US Fixed IncomeGAM Star Credit Opportunities (USD)GAM
US Equity Large Cap BlendOssiam Shiller Bcly Cape US Sect Val TRNatixis
US Equity Large Cap GrowthMS INVF US Growth FundMorgan Stanley
US Equity Large Cap ValueRobeco BP US Premium EquitiesRobeco
US Equity Mid CapVanguard US Opportunities FundVanguard
US Equity Small CapNuveen NWQ Small-Cap Value FundNuveen
Africa EquityMarriott Dividend GrowthMarriott
Africa Fixed IncomeSTANLIB Aggressive IncomeSTANLIB

Highly rated hedge funds

Old Mutual Global Equity Absolute Ret FdIreland3939Market Neutral
Liontrust GF European Strategic Eq FdIreland3838Long/Short Equity
Aviva Investors Multi-Strat Trgt Ret FdLuxembourg3636Multialternative
Old Mutual Strategic Absolute Ret Bd FdIreland3333Other Alternative
RAM (Lux) Sys L/S European EquitiesLuxembourg3131Market Neutral
36ONE SNN QI Hedge FundSouth Africa2929Long/Short Equity
Jupiter Global Absolute ReturnLuxembourg2727Multialternative
Nordea 1 – Global Long Short Eq Fd USD HLuxembourg2626Long/Short Equity
Invesco Global Targeted Returns FundLuxembourg2525Multialternative
Pensato Europa Absolute Return FundIreland2424Long/Short Equity
GAM Systematic Alternative Risk PremiaIreland1717Multialternative
MLIS Marshall Wace Tops UCITS Fd (MN)Luxembourg1515Market Neutral
Schroder GAIA Two Sigma DiversifiedLuxembourg1515Multialternative
Legg Mason WA Macro Opportunities Bd FdIreland1414Other Alternative
Jupiter Global Fund – Jupiter EuropaLuxembourg1010Long/Short Equity
Polar Capital UK Absolute Equity FundIreland99Long/Short Equity
Uni-Global Alt Risk PremiaLuxembourg99Multialternative
R Parus FundIreland88Long/Short Equity
Charlemagne OAKS Emerging and Frontier Opp FundIreland88Long/Short Equity
Artemis Pan-European Absolute Return FdUnited Kingdom88Multialternative
Pictet TR – AgoraLuxembourg77Market Neutral
Artemis US Extended Alpha FundUnited Kingdom77Long/Short Equity
SLI Global Absolute Return Strategies FdLuxembourg77Multialternative
DWS Concept KaldemorgenLuxembourg77Multialternative
Janus Henderson United Kingdom AbsRet FdLuxembourg77Long/Short Equity

Selector comments

Alexandre de Mahieu, senior investment advisor at Vellut, Namèche & Associés notes of the M&G Optimal Income fund that “A four star rating corresponds to the good quality of this fund. The size of the fund becomes really very important. Maybe not so easy to manage any more.”

Yuli Petreikov, senior portfolio manager at Pioneer Wealth Management, notes of the GAM Star Credit Opportunities (USD): A very interesting value proposition – investing in junior debt of investment grade companies. The idea is that statistically, investment grade companies, in general, don’t default. So in order to get the best yield you should invest in the most junior debt of investment grade companies, getting similar yield as with High Yield bonds, but with better issuer credit. These bonds usually have a higher coupon, and many are fixed to float so the fund has less sensitivity to change in interest rates. The fund shows duration of 5-6 years, but acts as if the duration is closer to 3. I believe the fund has a place in most portfolios, as expected returns from other classes are not great.”

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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