Equity mutual funds and ETFs celebrated their fifth quarterly gain in six—with the average equity fund (+6.92%) posting its second straight quarterly plus-side return. LSEG Lipper’s U.S. Diversified Equity Funds (+9.07%) outpaced the other seven equity and mixed-assets macro-classifications for the first quarter since Q2 2023. Q1 2024 had actively managed equity funds (+7.09%) outperform their passive (+5.95%) counterparts by 114 basis points (bps), marking the fourth largest quarterly outperformance by active management since the start of 2013. In this segment, I provide a market recap plus highlight the quarterly and monthly performance results for conventional equity mutual funds

The Lipper Options Arbitrage/Strategies Funds classification are funds that employ various strategies to capture the spread between similar options through inefficiencies in the market or funds and use portfolio strategies where the manager focuses on options to generate the bulk of the portfolio’s return. The Lipper Leaders Rating System is a toolkit that helps guide investors and their advisors in selecting funds that suit individual investment styles and goals. According to LSEG Lipper, “Each fund is ranked against its peers based on the metric used (such as its flagship risk-adjusted return measure, Consistent Return, Total Return, or Expense), and the

The AQR Diversified Arbitrage Funds, I Shares (ADAIX) is a top performer among Lipper Alternative Event Driven Funds using Lipper Leader metrics for the month ended October 31, 2022. The way the fund has managed such consistent returns through even turbulent markets includes the utilization of economic research, flexibility, and stringent risk management, according to lead portfolio manager Todd Pulvino, principal and co-founder of AQR’s arbitrage research affiliate AQR Arbitraged. We spoke with Pulvino to discern how ADAIX’s managers construct its portfolio and their views on arbitrage and investing in the Alternative Event Driven Funds classification. Lipper Leaders Ratings and

The Lipper International Income Funds classification is defined as funds that state in their prospectus that they invest primarily in U.S. dollar and non-U.S. dollar debt securities of issuers located in at least three countries, excluding the United States, except in periods of market weakness, according to Lipper methodology. These funds provide investors with assets that can be beneficial to diversifying their portfolios. The Lipper Leaders Rating System is a toolkit that helps guide investors and their advisors in selecting funds that suit individual investment styles and goals. According to Refinitiv Lipper, “Each fund is ranked against its peers based

The Lipper Inflation Protected Bond Funds classification is defined as funds that invest primarily in inflation-indexed fixed income securities, according to Lipper methodology. These funds are structured to provide protection against inflation. The Lipper Leaders Rating System is a toolkit that helps guide investors and their advisors in selecting funds that suit individual investment styles and goals. According to Refinitiv Lipper, “Each fund is ranked against its peers based on the metric used (such as its flagship risk-adjusted return measure, Consistent Return, Total Return, or Expense), and the highest 20% of funds in each peer group are named Lipper Leaders,

In this wide-ranging  #FundManagerChat, Rajiv Jain, CIO of GQG Partners and Manager of the GQG Partners Global Equity Fund, discusses how he finds the opportunities in global equities markets. Rajiv explains what drove him to set up his own fund house after forging a successful career at Vontobel and outlines the key influences behind his unique and successful “quality growth” process. Rajiv also provides a summary of global equities markets and explains how his considerable experience with previous bear markets is helping him navigate the difficulties presented by the current Covid-19 crisis. Running Order Run Time Topic 00:25 What have

In this #FundManagerChat podcast, Ben Constable-Maxwell, head of sustainable and impact investing at M&G Investments, shares his views on the increasing prominence that ESG, impact and responsible investing is taking on for investors and fund managers. Ben examines some of the challenges that fund managers face, particularly in quantifying and measuring criteria, and he outlines the key issues that groups should be prioritizing. Ben also considers some of the myths around ESG investing, how the Covid-19 crisis is giving prominence to ESG factors and what success looks like for an ESG-conscious fund manager. Running Order Run Time Topic 00:20 Why

In this wide-ranging #FundManagerChat podcast, Keith Skeoch, CEO of Standard Life Aberdeen Plc, [SLA.L] considers the impacts of the unfolding Covid-19 crisis on investments, the economy, companies and society. Keith considers the human elements of the crisis, and examines how it is driving changes to the way that investment firms and the industry, might operate in the future. Keith also provides a market and economic overview, reviews the policy responses to the crisis and considers what opportunities might present themselves for investors and fund management companies as the crisis recedes. Running Order Run Time Topic 00:30 How is the Covid-19

In this #FundManagerChat, James Lynch, Manager of the Downing Monthly Income Fund, discusses how he finds the opportunities to source reliable dividend income from smaller companies stocks. He outlines the process and philosophy he has adopted and examines his recent performance outcomes. He also outlines his current portfolio positioning and discusses some of the difficulties and opportunities that are presented in the unfolding Covid-19 drama. Running Order Run Time Topic 00:25 Tell us a bit about Downing and why its private equity background important? 02:10 Tell us about the philosophy of your fund. Why does the fund have a small-cap

In this #FundManagerChat, Matthew Beddall, CEO of UK-based fund boutique, Havelock London, and manager of the LF Havelock Global Select Fund discusses the challenges of managing money during the unfolding Covid-19 crisis. Matthew outlines whether traditional style-biases and valuation metrics matter in the current volatility. He addresses recent performance and reveals the major considerations he is seeking in his stocks as the crisis continues. This is the quarterly newsletter referred to in this podcast can be found via this link. Running Order Run Time Topic 00:25 How difficult is it, and what challenges are you facing, managing money during this

On March 26, 2020, BNY Mellon announced that Nick Clay, one of the UK’s best known equity income fund managers will be leaving the organisation. He is leaving with a number of his team to join a competitor. Mr. Clay currently runs the £5.2 billion (as at March 26, 2020) BNY Mellon Global Income Fund. In this podcast, Ilga Haubelt, recently appointed Head of Equity Income at Newton and Jon Bell, co-fund manager of the BNY Mellon Global Income Fund, outline how they intend to mitigate the potential impact of these departures. Running Order Run Time Topic 00:40 Ilga, you

In this podcast, Shamik Dhar, Chief Economist at BNY Mellon IM outlines the potential broad economic implications of the developing Coronavirus crisis. Within the context of this unfolding “human tragedy”, Shamik considers the buy- and sell-side effects of this shock, outlines the efficacy of policy responses and assesses the potential impact the crisis might have on long-established economic theories and relationships.   Running Order Run Time Topic 00:20 How do you go about interpreting this complex human crisis in economic terms? 02:19 How do economic shocks such as this manifest themselves over different periods of time? 05:20 What are your