Ninety One AoV: Nearly a third of funds do not offer value to investors

Two UK funds among those questioned

James Baxter-Derrington
John Stopford and Jason Borbora-Sheen's Cautious Managed fund also failed to outperform target benchmarks

John Stopford and Jason Borbora-Sheen's Cautious Managed fund also failed to outperform target benchmarks

Twelve of the 40 funds evaluated by Ninety One have been found not to offer value to investors, with performance at the heart of the issue, according to the firm’s first Assessment of Value report.

Four of the funds not currently offering value to investors are categorised as having "actions in progress", which the firm defined as "steps to remedy areas of concern are identified and in the process of being implemented", while the remaining eight had "actions implemented", meaning "steps were taken to remedy areas of concern and the impact of these steps are being monitored". The UK Special Situations fund and UK Total Return fund, both managed by Alessandro Dicorrado and Steve Woolley since April this year after Alastair Mundy took an extended leave of absence for health reasons, w...

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