Lindsell Train Global Equity, Robeco Global Consumer Trends Equities strategies join highest rated on SharingAlpha platform

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The Robeco Global Consumer Trends Equities and Lindsell Train Global Equity funds have become the top new entrant to the latest update 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 Cobas Internacional and Magallanes European Equity funds, which have consolidated their position amongst the five highest rated funds. Meanwhile, the LionTrust European Equity Income and Oppenheimer Developing Market funds retain their respective first and second ranking according to the platform methodology.

The 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

Fund Domicile Average Rating Raters Position
Liontrust European Income Fund United Kingdom 5 7 same
Oppenheimer Developing Markets Fund United States 4.9 5 same
Cobas Internacional FI Spain 4.87 5 up
Magallanes European Equity FI Spain 4.83 20 up
Robeco Global Consumer Trends Equities Luxembourg 4.82 5 new
Sextant PEA France 4.82 15 same
Invesco Global Leisure Fund Luxembourg 4.81 8 down
Lindsell Train Global Equity Fund Ireland 4.8 7 new
Cobas Selección FI Spain 4.8 8 down
Vanguard US Opportunities Fund Ireland 4.8 6 down

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 July 2018.

Highly rated providers

Provider Funds Rated Ratings Rating
Fundsmith 3 67 4.56
Robeco 25 83 4.51
MainFirst 9 62 4.44
Deutsche 31 76 4.43
Liontrust 7 124 4.37
Schroders 42 152 4.36
M&G 23 132 4.34
GAM 29 126 4.32
Legg Mason 13 56 4.31
Pimco 36 83 4.29

Most popular funds

Fund Domicile Fund of Fund Count Position
Fundsmith Equity United Kingdom 26 same
Old Mutual Global Equity Absolute Ret Fd Ireland 21 same
M&G Optimal Income Fund United Kingdom 16 up
Magallanes European Equity FI Spain 15 up
BSF European Opportunities Extension Fd Luxembourg 14 same
Nordea 1 – Stable Return Fund Luxembourg 14 down
Morgan Stanley INVF Global Opportunity Fund Luxembourg 14 up
JPM Global Macro Opportunities Fund Luxembourg 13 new
Allianz Europe Equity Growth Luxembourg 12 down
Hermes Global Emerging Mkts Ireland 12 down

Popular categories

Category Score Allocation Score Position
Europe Equity Mid/Small Cap 100 100 same
UK Equity Mid/Small Cap 59 51 up
Market Neutral 49 47 down
Africa Equity 54 17 up
Consumer Goods & Services Sector Equity 20 38 new
Europe Equity Large Cap 39 19 same
Africa Fixed Income 34 23 down
Precious Metals Sector Equity 40 15 down
Asia ex-Japan Equity 28 21 up
Technology Sector Equity 29 19 down

Highly rated funds by category

Category Fund Provider
Aggressive Allocation MFS Meridian Prudent Wealth Fund MFS
Allocation BlackRock Global Allocation Fund Blackrock
Asia ex-Japan Equity Schroder ISF Asian Opportunities Schroders
Asia Fixed Income Matthews Asia Fds Asia Credit Opps Matthews Asia
Asia Equity Fidelity Pacific Fund Fidelity
Cautious Allocation Invesco Pan European High Income Fund Invesco
Greater China Equity Janus Henderson China Opportunities Fund Janus Henderson
Commodities Broad Basket Vontobel Dynamic Commodity Vontobel
Consumer Goods & Services Sector Equity Robeco Global Consumer Trends Equities Robeco
Convertibles UBS (Lux) IF Global Convertible Bonds UBS
Currency First Trust FactorFX ETF First Trust
Emerging Markets Equity Oppenheimer Developing Markets Fund Oppenheimer
Emerging Markets Fixed Income BGF Emerging Markets Bond Fund Blackrock
Energy Sector Equity First Trust North Amer Engy InfrasFund First Trust
Europe Equity Large Cap Liontrust European Income Fund Liontrust
Europe Equity Mid/Small Cap Magallanes European Equity FI Magallanes
Euro Fixed Income La Francaise LUX Multistratégies Obligataires La Francaise
Euro Money Market BNP Paribas Money 3M BNP Paribas
Flexible Allocation Belgravia Épsilon FI Belgravia
Global Equity Large Cap Lindsell Train Global Equity Fund Lindsell Train
Global Equity Mid/Small Cap True Value FI Renta 4 Gestora
Global Equity Eurizon Sustainable Global Equity Eurizon Capital
Global Fixed Income PIMCO GIS Global Bond Fund Pimco
Market Neutral Pictet TR – Agora Pictet
Long/Short Equity Charlemagne OAKS Emerging and Frontier Opp Fund Fiera
High Yield Fixed Income Nordea 1 – European High Yield Bd Fd II Nordea
India Equity Kotak India Midcap Fund Kotak
Industrials Sector Equity RobecoSAM Smart Materials Fund Robeco
Inflation Linked Sanlam Multi Mgd Inflation Lnkd Bond Sanlam
Japan Equity Janus Henderson Horizon Jpn Smr Coms Fd Janus Henderson
Miscellaneous Eaton Vance Global High Yield Bond Fund Eaton Vance
Moderate Allocation Acatis – Gané Value Event Fonds UI Acatis
Multialternative Schroder GAIA Two Sigma Diversified Schroders
Other Alternative H2O Vivace H2O
Other Europe Equity Sextant PEA Amiral Gestion
Other Fixed Income GAM Star MBS Total Return GAM
Precious Metals Sector Equity BGF World Gold Fund Blackrock
Property-Direct Schroder UK Real Estate Fund Schroders
Other Sector Equity RobecoSAM Sustainable Water Fund Robeco
Real Estate Sector Equity Schroder Global Cities Real Estate Fund Schroders
Natural Resources Sector Equity Investec GSF Global Natural Resources Fd Investec
Technology Sector Equity DNB Fund Technology DNB
Sterling Fixed Income GAM Star Credit Opportunities (GBP) GAM
UK Equity Large Cap Jupiter UK Special Situations Fund Jupiter
UK Equity Mid/Small Cap Liontrust Special Situations Fund Liontrust
US Fixed Income GAM Star Credit Opportunities (USD) GAM
US Equity Large Cap Blend Ossiam Shiller Bcly Cape US Sect Val TR Natixis
US Equity Large Cap Growth MS INVF US Growth Fund Morgan Stanley
US Equity Large Cap Value Robeco BP US Premium Equities Robeco
US Equity Mid Cap Vanguard US Opportunities Fund Vanguard
US Equity Small Cap Nuveen NWQ Small-Cap Value Fund Nuveen
Africa Equity Marriott Dividend Growth Marriott
Africa Fixed Income STANLIB Aggressive Income STANLIB

Highly rated hedge funds

Fund Domicile Rating Raters Category
Old Mutual Global Equity Absolute Ret Fd Ireland 39 39 Market Neutral
Liontrust GF European Strategic Eq Fd Ireland 38 38 Long/Short Equity
Aviva Investors Multi-Strat Trgt Ret Fd Luxembourg 36 36 Multialternative
Old Mutual Strategic Absolute Ret Bd Fd Ireland 33 33 Other Alternative
RAM (Lux) Sys L/S European Equities Luxembourg 31 31 Market Neutral
36ONE SNN QI Hedge Fund South Africa 29 29 Long/Short Equity
Jupiter Global Absolute Return Luxembourg 27 27 Multialternative
Nordea 1 – Global Long Short Eq Fd USD H Luxembourg 26 26 Long/Short Equity
Invesco Global Targeted Returns Fund Luxembourg 25 25 Multialternative
Pensato Europa Absolute Return Fund Ireland 24 24 Long/Short Equity
GAM Systematic Alternative Risk Premia Ireland 17 17 Multialternative
MLIS Marshall Wace Tops UCITS Fd (MN) Luxembourg 15 15 Market Neutral
Schroder GAIA Two Sigma Diversified Luxembourg 15 15 Multialternative
Legg Mason WA Macro Opportunities Bd Fd Ireland 14 14 Other Alternative
Jupiter Global Fund – Jupiter Europa Luxembourg 10 10 Long/Short Equity
Polar Capital UK Absolute Equity Fund Ireland 9 9 Long/Short Equity
Uni-Global Alt Risk Premia Luxembourg 9 9 Multialternative
R Parus Fund Ireland 8 8 Long/Short Equity
Charlemagne OAKS Emerging and Frontier Opp Fund Ireland 8 8 Long/Short Equity
Artemis Pan-European Absolute Return Fd United Kingdom 8 8 Multialternative
Pictet TR – Agora Luxembourg 7 7 Market Neutral
Artemis US Extended Alpha Fund United Kingdom 7 7 Long/Short Equity
SLI Global Absolute Return Strategies Fd Luxembourg 7 7 Multialternative
DWS Concept Kaldemorgen Luxembourg 7 7 Multialternative
Janus Henderson United Kingdom AbsRet Fd Luxembourg 7 7 Long/Short Equity

Selector comments

Alexandre de Mahieu, senior investment advisor at Vellut, Namèche & Associés notes of the M&G Optimal Income fund that “A four star rating corresponds to the good quality of this fund. The size of the fund becomes really very important. Maybe not so easy to manage any more.”

Yuli Petreikov, senior portfolio manager at Pioneer Wealth Management, notes of the GAM Star Credit Opportunities (USD): A very interesting value proposition – investing in junior debt of investment grade companies. The idea is that statistically, investment grade companies, in general, don’t default. So in order to get the best yield you should invest in the most junior debt of investment grade companies, getting similar yield as with High Yield bonds, but with better issuer credit. These bonds usually have a higher coupon, and many are fixed to float so the fund has less sensitivity to change in interest rates. The fund shows duration of 5-6 years, but acts as if the duration is closer to 3. I believe the fund has a place in most portfolios, as expected returns from other classes are not great.”