Majority of active UK equity funds beat benchmarks over past year

80% outperformed index

Tom Eckett
80% of UK equity funds beat their benchmark

80% of UK equity funds beat their benchmark

Some 80% of sterling-denominated active UK equity funds outperformed the S&P United Kingdom BMI over the year to mid-2017, according to the latest research from S&P Dow Jones Indices.

The bi-annual S&P Indices Versus Active Funds (SPIVA) Europe Scorecard, which measures the performance of actively managed European equity funds against the performance of their respective S&P Dow Jones benchmark indices, found funds in the UK space achieved asset-weighted returns of 24.2% over the one-year period to mid-2017, versus 17.6% for the S&P United Kingdom BMI. In particular, UK small-cap funds were the "real star performers", returning 38.3% compared with 22.7% for the S&P United Kingdom SmallCap index. In the wider European market, 50.9% of euro-denominated European equity...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on UK

Bestinvest's bi-annual Spot the Dog finds over £45bn is still in underperforming portfolios

Bestinvest's Spot the Dog finds fewest underperformers in six years

Number of dog funds more than halves

clock 08 August 2022 • 4 min read
The £237m Baillie Gifford British Smaller Companies Fund was rated as not providing value.

Baillie Gifford UK equity strategies suffer low ratings in AoV

One red and four amber funds

clock 08 August 2022 • 2 min read
European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read