25 February 2019
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Funds from Prosperity Cub, H2O Adagio, Russian Prosperity and DWS Deutschland funds have have joined the list of those most highly rated by SharingAlpha's platform users, constituting professional fund selectors across Europe and beyond.
Other funds advancing on the leaderboard include the Magallanes European Equity and Cartesio X funds. Funds in the top 10 that have slipped in the ranking include the azValor Iberia, LF Odey Absolute Return, and Schroder GAIA Two Sigma Diversified funds.
The Liontrust European Income fund retains the strongest rating, according to 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 | Rating | Ratings | Position |
|---|---|---|---|---|
| Liontrust European Income Fund | United Kingdom | 5 | 8 | same |
| Prosperity Prosperity Cub | Cayman Islands | 4.86 | 7 | new |
| H2O Adagio | France | 4.83 | 6 | new |
| azValor Iberia FI | Spain | 4.83 | 6 | down |
| Magallanes European Equity FI | Spain | 4.83 | 22 | up |
| Russian Prosperity Fund | Cayman Islands | 4.83 | 8 | new |
| LF Odey Absolute Return Fund | United Kingdom | 4.82 | 5 | down |
| DWS Deutschland | Germany | 4.81 | 5 | new |
| Cartesio X FI | Spain | 4.8 | 5 | up |
| Schroder GAIA Two Sigma Diversified | Luxembourg | 4.8 | 17 | 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 November 2018.
Highly rated providers
| Provider | Funds rated | Ratings | Rating |
|---|---|---|---|
| H2O | 10 | 54 | 4.5 |
| Fundsmith | 3 | 96 | 4.46 |
| Comgest | 10 | 61 | 4.45 |
| Robeco | 29 | 98 | 4.4 |
| Liontrust | 8 | 130 | 4.37 |
| M&G | 24 | 148 | 4.33 |
| American Funds | 60 | 85 | 4.33 |
| Schroders | 57 | 256 | 4.29 |
| Baillie Gifford | 31 | 104 | 4.27 |
| Jupiter | 26 | 138 | 4.19 |
Most popular funds
| Fund | Domicile | Fund of fund count | Position |
|---|---|---|---|
| Fundsmith Equity | United Kingdom | 32 | same |
| Merian Global Equity Absolute Return Fd | Ireland | 24 | same |
| Morgan Stanley INVF Global Opportunity Fund | Luxembourg | 21 | up |
| M&G Optimal Income Fund | United Kingdom | 19 | down |
| BSF European Opportunities Extension Fd | Luxembourg | 18 | up |
| Nordea 1 - Stable Return Fund | Luxembourg | 18 | same |
| Magallanes European Equity FI | Spain | 18 | down |
| Sextant Grand Large | France | 14 | up |
| Hermes Global Emerging Mkts | Ireland | 14 | new |
| True Value FI | Spain | 13 | new |
Popular categories
| Category | Score | Allocation score | Position |
|---|---|---|---|
| Global Macro | 100 | 100 | same |
| Market Neutral | 54 | 37 | same |
| UK Equity Mid/Small Cap | 47 | 38 | same |
| Europe Equity Mid/Small Cap | 40 | 38 | same |
| Long/Short Credit | 56 | 25 | same |
| Europe Emerging Markets Equity | 67 | 7 | new |
| Africa Equity | 50 | 19 | down |
| Europe Equity Large Cap | 40 | 23 | same |
| Precious Metals Sector Equity | 53 | 13 | down |
| Consumer Goods & Services Sector Equity | 24 | 29 | same |
Highly rated funds by category
| Category | Fund | Provider |
|---|---|---|
| Aggressive Allocation | MFS Meridian Prudent Wealth Fund | MFS |
| Asia ex-Japan Equity | Stewart Investors Asia Pacific Ldrs Fd | First State |
| Asia Fixed Income | Matthews Asia Fds Asia Credit Opps | Matthews Asia |
| Asia Equity | Fidelity Pacific Fund | Fidelity |
| Cautious Allocation | Cartesio X FI | Cartesio |
| Greater China Equity | Janus Henderson China Opportunities Fund | Janus Henderson |
| Commodities Broad Basket | Vontobel Dynamic Commodity | Vontobel |
| Consumer Goods & Services Sector Equity | Invesco Global Leisure Fund | Invesco |
| Convertibles | Lazard Convertible Global | Lazard |
| Currency | First Trust FactorFX ETF | First Trust |
| Emerging Markets Equity | GAM Multistock Emerging Markets Equity | GAM |
| 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 | azValor Iberia FI | azValor |
| 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 | Cobas Selección FI | Cobas |
| Global Equity Mid/Small Cap | Baillie Gifford Global Discovery Fund | Baillie Gifford |
| Global Fixed Income | PIMCO GIS Global Bond Fund | Pimco |
| Market Neutral | MLIS Marshall Wace Tops UCITS Fd (MN) | Bank of America Merrill Lynch |
| Long/Short Equity | Janus Henderson United Kingdom AbsRet Fd | Janus Henderson |
| High Yield Fixed Income | Manulife Emerging Markets Debt Fund | Manulife |
| India Equity | Kotak India Midcap Fund | Kotak |
| Industrials Sector Equity | RobecoSAM Smart Materials Fund | Robeco |
| Japan Equity | Man GLG Japan CoreAlpha Equity | MAN GLG |
| Moderate Allocation | Acatis - Gané Value Event Fonds | Acatis |
| Multialternative | LF Odey Absolute Return Fund | Odey |
| Other Alternative | Bridgewater Pure Alpha Strat 18% Vol | Bridgewater |
| Other Equity | RobecoSAM Sustainable Water Fund | Robeco |
| 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 |
| Real Estate Sector Equity | AXA Aedificandi | AXA IM |
| Natural Resources Sector Equity | Investec GSF Global Natural Resources Fd | Investec |
| Technology Sector Equity | Pictet-Robotics | Pictet |
| Sterling Fixed Income | Baillie Gifford High Yield Bond Fund | Baillie Gifford |
| UK Equity Large Cap | Liontrust Special Situations Fund | Liontrust |
| UK Equity Mid/Small Cap | Liontrust UK Smaller Companies Fund | Liontrust |
| US Fixed Income | Nomura Fds US High Yield Bond Fund | Nomura |
| US Equity Large Cap Blend | Vanguard US Opportunities Fund | Vanguard |
| 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 | Threadneedle American Smlr Coms Fd(US) | Columbia Threadneedle |
| US Equity Small Cap | Nuveen NWQ Small-Cap Value Fund | Nuveen |
| Africa Equity | Marriott Dividend Growth | Marriott |
| Africa Fixed Income | STANLIB Aggressive Income | STANLIB |
| Europe Emerging Markets Equity | Prosperity Prosperity Cub | Prosperity Capital |
| Infrastructure Sector Equity | MS INVF Global Infrastructure Fund | Morgan Stanley |
| Long/Short Credit | Candriam Bds Credit Opportunities | Candriam |
| Global Macro | H2O Adagio | H2O |
Highly rated hedge funds
| Fund | Domicile | Rating | Ratings | Category |
|---|---|---|---|---|
| LF Odey Absolute Return Fund | United Kingdom | 4.82 | 5 | Multialternative |
| Schroder GAIA Two Sigma Diversified | Luxembourg | 4.8 | 17 | Multialternative |
| MLIS Marshall Wace Tops UCITS Fd (MN) | Luxembourg | 4.78 | 13 | Market Neutral |
| Pictet TR - Agora | Luxembourg | 4.76 | 7 | Market Neutral |
| SVS Church House Tenax Abs Ret Strts Fd | United Kingdom | 4.76 | 7 | Multialternative |
| Janus Henderson United Kingdom AbsRet Fd | Luxembourg | 4.72 | 9 | Long/Short Equity |
| BSF Fixed Income Strategies Fund | Luxembourg | 4.67 | 7 | Market Neutral |
| Hermes Absolute Return Credit Fund | Ireland | 4.63 | 5 | Market Neutral |
| Man GLG Eurp Mid-Cap Eq Alt | Ireland | 4.62 | 7 | Long/Short Equity |
| Luxembourg Life Fd Pn Lg Tr Gr | Luxembourg | 4.59 | 6 | Multialternative |
| BNY Mellon Global Real Return Fd (EUR) | Ireland | 4.51 | 5 | Multialternative |
| MW TOPS UCITS Fund | Ireland | 4.48 | 7 | Long/Short Equity |
| Artemis Pan-European Absolute Return Fd | United Kingdom | 4.48 | 8 | Long/Short Equity |
| Polar Capital UK Absolute Equity Fund | Ireland | 4.47 | 12 | Long/Short Equity |
| R Parus Fund | Ireland | 4.45 | 9 | Long/Short Equity |
| JPM Global Macro Opportunities Fund | Luxembourg | 4.44 | 20 | Multialternative |
| LFIS Vision UCITS Premia | Luxembourg | 4.43 | 6 | Multialternative |
| Bridgewater Pure Alpha Strat 18% Vol | United States | 4.38 | 7 | Other Alternative |
| Merian Global Equity Absolute Return Fd | Ireland | 4.31 | 41 | Market Neutral |
| F&C Global Equity Market Neutral Fund | United Kingdom | 4.29 | 7 | Market Neutral |
| Liontrust GF European Strategic Eq Fd | Ireland | 4.26 | 38 | Long/Short Equity |
| DWS Concept Kaldemorgen | Luxembourg | 4.24 | 7 | Multialternative |
| Jupiter Global Fund - Jupiter Europa | Luxembourg | 4.21 | 10 | Long/Short Equity |
| OAKS Emerging and Frontier Opportunities Fund | Ireland | 4.13 | 16 | Long/Short Equity |
