• Steve Holden
• January 13, 2026
• UK
• 0 Comments

China allocations have recovered from the lows, but momentum has stalled—masking active shifts beneath the surface.

• Steve Holden
• December 17, 2025
• UK
• 0 Comments

China allocations have recovered from the lows, but momentum has stalled—masking active shifts beneath the surface.

• Steve Holden
• October 26, 2025
• UK
• 0 Comments

  UK Active Fund Performance & Attribution, Q3 2025 Active UK equity managers have once again found themselves grappling with a tough market backdrop. Despite an average return of 11.75% across the peer group through Q3, the benchmark has proven an even tougher competitor. The SPDR FTSE All Share ETF delivered a 15.9% gain year-to-date—comfortably ahead of nearly three-quarters of …

• Steve Holden
• August 25, 2025
• UK
• 0 Comments

229 Active UK Funds, AUM $172bn BAE Systems plc Positioning Rebounds, Underweight Widens BAE Systems has staged a sharp rebound in ownership, rising to 36.7% of UK funds — its highest in over two years — with average weights also climbing. Yet positioning remains well below historical peaks, leaving UK managers -1.27% underweight versus the benchmark. As the dominant aerospace …

• Steve Holden
• July 16, 2025
• UK
• 0 Comments

UK Fund Analysis UK Funds: Performance & Attribution, H1 2025 In this quarter’s UK performance & attribution report: Value leads again: 76% of Value funds outperformed in H1 2025, with average returns of 10.6%. Financials dominate: Major UK banks drove absolute returns across the peer group. Underweight drag: Names like Rolls-Royce, BAE, and HSBC hurt relative performance. For more analysis, data …

• Steve Holden
• June 25, 2025
• UK
• 0 Comments

UK Fund Analysis Active UK Funds: Positioning Analysis, June 2025 In this month’s UK positioning analysis: Sector Trends UK Energy: Concentrated, Under-Owned and Out Of Favour UK Homebuilding: Allocations Rebound as Sentiment Improves   Stock Analysis Land Securities Group PLC: Spiking to New Highs Aviva plc: Ownership Rebound after Decade-Long Slide Diploma PLC: Growth Managers Drive Record Ownership Ferguson Plc: …

• Steve Holden
• May 30, 2025
• UK
• 0 Comments

UK Fund Analysis Active UK Funds: Positioning Analysis, May 2025   In this month’s chart pack: Sector Trends Real Estate: From Underweight to Record Highs Health Care: Key Underweight Shows Signs of Strength Stock Analysis Spirax-Sarco Engineering: All-Time High BAE Systems plc: Momentum Reversal Shell PLC: Signs of Weakness Ashtead Group PLC:  The Exodus Continues Howden Joinery Group PLC: Pushing …

• Steve Holden
• April 28, 2025
• UK
• 0 Comments

UK Fund Analysis Active UK Funds: Positioning Chart Pack, April 25   In this month’s chart pack: Sector TrendsUtilities: Positioning Hits Decade High Among UK ManagersConsumer Staples:  Gaining Ground in UK Smal & Midcap Portfolios Stock AnalysisPrudential plc:  Recovery In PlayBarratt Redrow plc:  Spiking HigherClose Brothers Group plc:  New LowsGSK plc:  Top Cycle ConsolidationVodafone Group Plc:  The Long Decline  Click …

• Steve Holden
• January 17, 2025
• UK
• 0 Comments

241 active UK equity funds, AUM $169bn UK Funds: Performance & Attribution, 2024 Summary Active UK funds achieved an average return of +8.21% in 2024, trailing the SPDR FTSE All Share ETF by -0.82% and with 40.4% of funds outperforming the benchmark during the year. Individual fund performance showed fairly large dispersion, ranging from a peak of +24.5% to a …

• Steve Holden
• October 14, 2024
• UK
• 0 Comments

249 UK Equity funds, AUM $180bn UK Funds: Performance & Attribution Review, Q3 2024 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% …