Since the inception of Citywire Global, we have strived to find out which funds and managers are topping investment professionals’ buy lists.
Focusing on our monthly magazine feature Buyers’ Market, we have, for the first time, collated all the responses given by leading fund selectors over the past three years to find the most popular industry picks.
From questions on specific sector bets to managers with a preferred style or sensibility, Citywire Global has received a wide array of world renowned and lesser-known names that leading fund selectors are following.
In total we have had in excess of 850 responses since February 2010. So, who are the stand-out performers? Let’s take a closer look at the 20 most mentioned funds and what context has led to these strategies topping investor watch lists over the past three years.
The top 20 most-mentioned funds (February 2010-July/August 2013)
All things to all men
Working our way up from the mid-point, familiar names such as fixed income specialists BlueBay and Nicolas Walewski’s boutique Alken are among those appearing across multiple different questions.
However, out-doing both those companies by being name-checked in five separate editions on five very separate topics is the $9.5 billion Morgan Stanley Global Brands fund.
It was picked out as a fund which would benefit from cash-rich companies in the market, as well as having undergone a successful manager change, protected well in the economic downturn and other crisis moments, as well as having acted as a good hedge against inflation.
The changeover champ
The AXA IM FIIS US Short Duration High Yield fund was picked as the most popular fund for having weathered a senior management change successfully.
Investors were praiseworthy of the multi-billion dollar fixed income funds performance despite its three leading fund managers – Tom Kelleher, Anne Yobage and Hannah Strasser - stepping down in April 2012.
It would appear replacement manager Carl ‘Pepper’ Whitbeck has done more than enough to retain the confidence of leading fund selectors since assuming the hot seat.
Counting on credit
While bond funds were not widely represented in the top 20, those that do feature appear high on the list. For example, the Pictet-Emerging Local Currency bond fund was by and large seen as the key strategy for investing in Asian fixed income.
This is while the M&G Optimal Income fund – which has featured prominently in recent sales trends analysis – was pinpointed as being a good way to protect against uncertainty, while also being run by a well-respected veteran manager in the form of Richard Woolnough.
Carmignac capture the crown
There was really only likely to be one winner in our analysis, with French investment giant Carmignac boasting the most mentioned strategy for its blockbuster Carmignac Investissement and Carmignac Patrimoine funds.
The smaller of the two funds, Investissement, was a huge favourite when fund selectors were asked about good fund managers for a crisis. Here Edouard Carmignac was, by a long way, the most sought after fund manager.
The mixed asset fund – which has €24 billion in assets under management – was largely seen as a defensive safe bet. It was picked by selectors in response to questions on the best way to protect, the best managers for a crisis and the best veteran heads in investment.