Summary
In the third quarter of 2024, active UK funds delivered an average return of +2.65%, outperforming the SPDRs FTSE All Share ETF by +0.18%. A slight majority of 51.5% of funds managed to beat the benchmark.
Fund returns ranged from a high of +7.8% to a low of -3.7%, with most funds falling between 0% and 6%. Value and Yield strategies once again led performance, while Growth and GARP funds underperformed the benchmark on average.
Stock-level analysis highlights that underweights in AstraZeneca, HSBC, Shell, BP, and Glencore contributed positively, while underweights in Rolls Royce, British American Tobacco, and Unilever negatively impacted relative returns.
For more analysis, data or information on active investor positioning in your market, please get in touch with me on steven.holden@copleyfundresearch.com
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