Sextant PEA, DWS Deutschland join highest rated on SharingAlpha platform

The Sextant PEA and DWS Deutschland funds have joined the list 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 Valentum FI, Invesco Global Leisure, and Cobas Selección FI funds, which have gained positions, taking then into the top seven rated funds.

The Valentum FI funds has made it into the top three, alongside the Liontrust European Income and Oppenheimer Developing Markets funds.

All these 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 Kingdom58same
Oppenheimer Developing Markets FundUnited States4.915same
Valentum FISpain4.849up
Lindsell Train Global Equity FundIreland4.829same
Robeco Global Consumer Trends EquitiesLuxembourg4.825same
Invesco Global Leisure FundLuxembourg4.818up
Cobas Selección FISpain4.818up
Sextant PEAFrance4.815new
Magallanes European Equity FISpain4.823down
DWS DeutschlandGermany4.796new

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 August 2018.

Platform updates

SharingAlpha has added a number of services for its platform users recently, explains CEO and co-founder Oren Kaplan, including:

  • Country Rankings: Members can know view the top ranked fund selectors in different individual countries.
  • New Ranking: Our members are able to rate the quality of commentary left by other members and those who received the highest ratings reach our Top Ranked Commentators list.
  • Request Insight: Our members are able to ask for insights from fellow members and fund managers regarding funds they select.

Highly rated providers

ProviderFunds RatedRatingsRating
Fundsmith3704.57
Robeco27874.46
Deutsche32774.41
Liontrust71284.37
Schroders471604.36
M&G231324.33
GAM291284.33
MainFirst9684.31
Pimco38864.27
Legg Mason13564.27

Most popular funds

FundDomicileFund of Fund CountPosition
Fundsmith EquityUnited Kingdom29same
Merian Global Equity Absolute Return FdIreland23same
Magallanes European Equity FISpain17up
Morgan Stanley INVF Global Opportunity FundLuxembourg17up
M&G Optimal Income FundUnited Kingdom16down
Nordea 1 – Stable Return FundLuxembourg16same
BSF European Opportunities Extension FdLuxembourg14down
JPM Global Macro Opportunities FundLuxembourg13down
Sextant Grand LargeFrance13new
Allianz Europe Equity GrowthLuxembourg12down

Popular categories

CategoryScoreAllocation ScorePosition
Europe Equity Mid/Small Cap100100same
UK Equity Mid/Small Cap6761same
Market Neutral6052same
Africa Equity5924same
Africa Fixed Income3637up
Global Equity Mid/Small Cap3431new
Precious Metals Sector Equity4619down
Europe Equity Large Cap4221down
Consumer Goods & Services Sector Equity2238down
Asia ex-Japan Equity3024down

Highly rated funds by category

CategoryFundProvider
Aggressive AllocationMFS Meridian Prudent Wealth FundMFS
AllocationBlackRock Global Allocation FundBlackrock
Asia ex-Japan EquitySchroder ISF Asian OpportunitiesSchroders
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
ConvertiblesRWC Global Convertibles FundRWC
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 CapValentum FIGesiuris
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 CapCobas Selección FICobas
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 AlternativeCandriam Bds Credit OpportunitiesCandriam
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 EquityPictet-RoboticsPictet
Sterling Fixed IncomeL&G Fixed Interest TrustL&G
UK Equity Large CapJupiter UK Special Situations FundJupiter
UK Equity Mid/Small CapLiontrust Special Situations FundLiontrust
US Fixed IncomePGIM Total Return Bond FundPrudential
US Equity Large Cap BlendArtemis US Extended Alpha FundArtemis
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

FundDomicileRatingRatingsCategory
Schroder GAIA Two Sigma DiversifiedLuxembourg4.7918Multialternative
Pictet TR – AgoraLuxembourg4.777Market Neutral
Charlemagne OAKS Emerging and Frontier Opp FundIreland4.758Long/Short Equity
Man GLG Eurp Mid-Cap Eq AltIreland4.736Long/Short Equity
Candriam Bds Credit OpportunitiesLuxembourg4.75Other Alternative
H2O VivaceFrance4.696Other Alternative
Janus Henderson United Kingdom AbsRet FdLuxembourg4.688Long/Short Equity
BSF Fixed Income Strategies FundLuxembourg4.687Market Neutral
Hermes Absolute Return Credit FundIreland4.585Market Neutral
H2O ModeratoFrance4.546Other Alternative
MLIS Marshall Wace Tops UCITS Fd (MN)Luxembourg4.5315Market Neutral
Legg Mason WA Macro Opportunities Bd FdIreland4.5214Other Alternative
Artemis Pan-European Absolute Return FdUnited Kingdom4.518Long/Short Equity
BNY Mellon Global Real Return Fd (EUR)Ireland4.515Multialternative
Polar Capital UK Absolute Equity FundIreland4.511Long/Short Equity
MW TOPS UCITS FundIreland4.497Long/Short Equity
Bridgewater Pure Alpha Strat 18% VolUnited States4.476Other Alternative
Luxembourg Life Fd Pn Lg Tr GrLuxembourg4.465Multialternative
JPM Global Macro Opportunities FundLuxembourg4.4220Multialternative
R Parus FundIreland4.398Long/Short Equity
Merian Global Equity Absolute Return FdIreland4.3441Market Neutral
LFIS Vision UCITS PremiaLuxembourg4.315Multialternative
F&C Global Equity Market Neutral FundUnited Kingdom4.296Market Neutral
DWS Concept KaldemorgenLuxembourg4.257Multialternative
Liontrust GF European Strategic Eq FdIreland4.2338Long/Short Equity

Selector comments

Ignacio Guerras Normand, analyst at Mapfre Inversión, said about the Valentum FI:This fund it is one of my favourites because the managers add a lot of income by selecting stocks which add a lot of value to the portfolio. When they are going to choose a stock, they like to discover companies with a great potential, a healthy balance sheet, good and growth cash flows and advantages compared with the others companies of the sector. Using this philosophy and giving to their fund this value investing focus, they give to the investors very good results with a lower volatility than the market.”

Nicholas Khan-Roper, CIO and head Of Wealth Management at a single family office, said about the F&C Global Smaller Companies: “Excellent diversifier for any portfolio and one that does a lot under one umbrella. One of my favourite sectors, global small cap. I love the use of direct stock selection in the areas that the managers feel comfortable, namely US, EU and UK. They each take and analyse their own sectors and panel out to what the deem the best funds in other geographies. Asset allocation is top down, and then managers allowed to select individual stock. You have within the portfolio, a huge variation of over 250 positions globally if you include the underlying fund holdings. This is what I refer to as ‘doing a lot under one umbrella’. For those not looking for a concentrated fund or are worried about concentration lower down the cap rank… it should definitely be an IT on the radar. Management and board are strong, all own stock and meet regularly.”

Jon ‘JB’ Beckett, author of New Fund Order,  said about the Allianz European Equity Dividend: “It has been a tough year for value and equity income investors in Europe, indeed equities in general remain subdued but at an interesting discount to US. As a yielding fund I remain confident in Joerg’s approach over the long term.”

 

 

 

 

 

 

ABOUT THE AUTHOR
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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