Majority of European funds claim positive total returns

Managers cite good foresight and cheap equities as reasons for outperformance

Of the 21 funds in the IMA Europe including UK sector with a more than a one-year track record, 17 can claim a positive total return over the 12 months to 28 September, with the an average return of 8.3% according to Morningstar. The top performer over three years – Threadneedle Pan European – has returned 15.6% against an average return of 5.6%. Manager Rob Jones, who has run the fund since October 2006, attributes the out performance to his high-conviction approach both at the thematic sector and stock levels. At the end of 2008 he started to add more “economic sensitivity” in th...