Wide return disparity in small zeros sector

Lower risk funds in sector are typically worst performers although small peer group masks wide range of styles

For a sector of just eight funds and a vastly diminished underlying asset class, UK Zeros shows a surprising breadth of returns. The three-year figures vary from Aberdeen Progressive Growth's massive rise of 178.99% to an equally impressive but far lower return at the bottom of the sector, F&C Progressive Growth's gain of 52.37%. As with all data expressed here, the figures are bid to bid to 30 September 2005, according to Standard & Poor's. The disparity in returns is matched by the breadth in alpha between funds. Aberdeen once again tops the charts with the highest alpha score at 7.82...