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Buyers’ Market blown-open: most popular fund managers revealed

Buyers’ Market blown-open: most popular fund managers revealed

Citywire Global regularly canvasses leading fund selectors about which managers and strategies are currently lighting up their buy lists or beginning to catch their eye.

One year ago, Citywire Global collated a list of the most prominently featured managers and funds, dating back to February 2010.

This update revisits the list to see if any managers or strategies have risen to the fore over the past 12 months. Has some new boutique blood caught investor interest or have the older hands held onto their position of popularity?

With over 1,000 responses between February 2010 and the end of September 2014, let’s take a closer look at which managers can claim the crown of being fund selectors’ favourite picks.

Top 20 most mentioned funds (February 2010-September 2014)

Fund Sector Manager Mentions
M&G Optimal Income Bond Global Richard Woolnough 10
Carmignac Patrimoine Mixed Asset EUR Flex - Global Edouard Carmignac, Rose Ouahba, Frédéric Leroux 9
Morgan Stanley Global Brands Equity Global Peter Wright, William Lock, Bruno Paulson 7
AXA IM FIIS US Short Duration High Yield Bond USD High Yield Carl Whitbeck, Peter Vecchio 7
Carmignac Investissement Equity Global Edouard Carmignac 7
Julius Baer Absolute Return Bond Credit Strategies Timothy Haywood, Daniel Sheard 7
Alken Fund - European Opportunities Equity Europe Nicolas Walewski 6
Legg Mason Royce US Smaller Companies Equity North America Small and Mid-Cap Bill Hench 6
M&G Global Dividend Global Equity Income Stuart Rhodes 6
Vanguard US Opportunities Equity North America Small and Mid-Cap PRIMECAP Management
6
Aberdeen Global - Japanese Equity Equity Japan Chern-Yeh Kwok 5
Allianz RCM US Equity Equity North America Steve J. Berexa* 5
Templeton Global Bond Bond Global Michael Hasenstab, Sonal Desai 5
Alken Absolute Return Europe Long/Short Equity Nicolas Walewski 4
Allianz Euroland Equity Growth Equity EuroZone Matthias Born 4
BlueBay Emerging Market Corporate Bond Emrg Mkts Global HC Polina Kurdyavko, Adam Borneleit 4
First State Asia Pacific Leaders Equity Asia Pacific Ex Japan Angus Tulloch 4
Franklin European Growth Equity Europe Uwe Zoellner, Robert Mazzuoli 4
GLG Japan CoreAlpha Equity Equity Japan Jeffrey Atherton, Stephen Harker, Neil Edwards 4
Invesco Balanced Risk Allocation Mixed Asset EUR Bal - Global Scott E. Wolle 4

*indicates change of manager since last analysis.

One year of change

The list indicates several increases across various assets classes, with the AXA IM FIIS US Short Duration High Yield bond fund increasing its standing, as well as the Legg Mason Royce US Smaller Companies fund.

The broad spread of the top 20 funds indicates a diverse mix of mixed asset, absolute return, fixed income and equity funds. European equity funds appear the most popular on the list, accounting for four of the top 20 funds over the period to the end of September 2014.

New kids on the buyers’ block

Five funds have risen into the top 20 after failing to make the list one year ago. Unsurprisingly, given the advent of Abenomics, two of them are Japan-focused funds.

These are the GLG Japan CoreAlpha Equity fund, which, perhaps highlighting this heightened popularity, was soft-closed to new investors last month. Meanwhile, Aberdeen’s Japanese Equity fund has also risen to sit just outside the top 10 most popular funds.

Investors also appear keen to tap the European recovery, with Nicolas Walewski earning his second entrant on the list with his Alken Absolute Return – Europe fund. This is while the Allianz Euroland Equity Growth fund, managed by Matthias Born, is also among the new names.

Optimal Income out on top

Unseating former fund selector favourite Edouard Carmignac is M&G’s Richard Woolnough. The bond manager has seen a wave of investor interest, which has translated into new flows into the fund.

The M&G Optimal Income fund currently has €28.7 billion in assets, according to the latest factsheet. It was pinpointed by Lipper as being the second biggest selling strategy in the European funds industry over the first half of 2014, gaining a further €4.56 billion.

Woolnough, who has featured not just in Buyers’ Market but also within many fund selector profiles, announced earlier in the year he had been a ‘tourist in equities’, after opting to slash stock exposure over the first quarter of 2014.

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Related Fund Managers

Rose Ouahba
Rose Ouahba
46/69 in Mixed Assets - Flexible EUR (Performance over 3 years) Average Total Return: 4.22%
Scott E. Wolle
Scott E. Wolle
35/97 in Mixed Assets - Flexible EUR (Performance over 1 year) Average Total Return: 16.23%
Polina Kurdyavko
Polina Kurdyavko
7/20 in Bonds - Emerging Markets Global Corporates (Performance over 3 years) Average Total Return: 9.66%
Steve J. Berexa
Steve J. Berexa
74/348 in Equity - Global (Performance over 3 years) Average Total Return: 34.07%
Edouard Carmignac
Edouard Carmignac
335/348 in Equity - Global (Performance over 3 years) Average Total Return: 8.93%
William Lock
William Lock
54/348 in Equity - Global (Performance over 3 years) Average Total Return: 37.31%
Bruno Paulson
Bruno Paulson
53/348 in Equity - Global (Performance over 3 years) Average Total Return: 37.31%
Matthias Born
Matthias Born
6/17 in Equity - Germany (Performance over 3 years) Average Total Return: 45.43%
Richard Woolnough
Richard Woolnough
1/1 in Bonds - Sterling Strategic Bond (Performance over 3 years) Average Total Return: 8.14%
Carl Whitbeck
Carl Whitbeck
14/17 in Bonds - US Dollar High Yield (Performance over 3 years) Average Total Return: 3.05%
Michael Hasenstab
Michael Hasenstab
45/49 in Bonds - Global (Performance over 3 years) Average Total Return: -3.84%
Sonal Desai
Sonal Desai
46/49 in Bonds - Global (Performance over 3 years) Average Total Return: -3.84%
Timothy Haywood
Timothy Haywood
62/72 in Alternative UCITS - Bond Strategies (Performance over 3 years) Average Total Return: -0.62%
Daniel Sheard
Daniel Sheard
61/72 in Alternative UCITS - Bond Strategies (Performance over 3 years) Average Total Return: -0.62%
William A. Hench
William A. Hench
11/40 in Equity - US Small & Medium Companies (Performance over 3 years) Average Total Return: 39.56%
Chern-Yeh Kwok
Chern-Yeh Kwok
58/81 in Equity - Japan (Performance over 3 years) Average Total Return: 35.00%
Jeffrey Atherton
Jeffrey Atherton
26/81 in Equity - Japan (Performance over 3 years) Average Total Return: 43.65%
Stephen Harker
Stephen Harker
28/81 in Equity - Japan (Performance over 3 years) Average Total Return: 43.65%
Neil Edwards
Neil Edwards
27/81 in Equity - Japan (Performance over 3 years) Average Total Return: 43.65%
Stuart Rhodes
Stuart Rhodes
36/57 in Equity - Global Equity Income (Performance over 3 years) Average Total Return: 18.11%
Uwe Zoellner
Uwe Zoellner
195/238 in Equity - Europe (Performance over 3 years) Average Total Return: 17.27%
Robert Mazzuoli
Robert Mazzuoli
194/238 in Equity - Europe (Performance over 3 years) Average Total Return: 17.27%
Nicolas Walewski
Nicolas Walewski
87/238 in Equity - Europe (Performance over 3 years) Average Total Return: 27.24%
Angus Tulloch
Angus Tulloch
Peter Wright
Peter Wright
Adam Borneleit
Adam Borneleit
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