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Ratings risers: five slow burners on their way to the top
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by Harry Brooks on Jan 14, 2013 at 14:43
Citywire Global tracks down the five managers who have featured in every edition of Euro Stars and steadily risen above their initial A-rating.
The managers making their way to the top
It is hard enough to obtain a Euro Stars rating, with just 9% of the eligible 4,652 managers tracked by Citywire achieving the feat.
Here we track down five top managers who first entered Euro Stars with an A rating and gradually improved their performance over the five editions of Euro Stars so far.
Note: Euro Stars Ratings are based upon monthly, three-year performance data to the end of September 2012. To be eligable for a rating a manager must run a fund available for sale in at least three European countries.
Dan Ison, Threadneedle
Funds:
Manager Ratio: 0.767
Ratings progression: Euro Stars A-rated (December 2011, June 2011, June 2012), Euro Stars AA-rated (June 2011, December 2012)
Threadneedle's Dan Ison, who ranks 26th out of the 493 managers we rate in the Equity Europe sector, made the leap from his initial A rating to AA at the end of 2011.
Although his funds dropped 6.37% between November 2010 and November 2011, this beat the average manager performance, which was a loss of 9.43%.
Over the past three years his funds have returned 44.5%, which compares to the sector average of 18.3%.
Fabio Di Giansante, Pioneer Investments
Fund:
Manager Ratio: 1.784
Ratings progression: Euro Stars A-rated (December 2010, June 2012), Euro Stars AA (June 2011, December 2011), Euro Stars AAA-rated (December 2012)
Fabio Di Giansante, who joined Pioneer in 2006 from Credit Agricole Asset Management, went from an A rating to AA in our June 2011 Euro Stars roundup, and at the end of last year he attained the gold medal of a triple-A rating.
Between November 2011 and November 2012 his Pioneer Funds Euroland Equity I No Dis EUR fund returned 19.96%, beating the EURO STOXX 50 NR EUR's 14.67% and the MSCI EMU TR USD's 17.47%.
Di Giansante ranks 11th out of the 223 managers we rate in the Equity EuroZone sector over three years, and his fund places 14th out of 442 in the sector in terms of its total return.
Henrik Husted Knudsen, Danske Invest
Funds:
- Danske Invest Europa Fokus
- Danske Invest Utland
- Danske Invest Engros Europe Focus
- Danske Invest Europa Fokus Akk
- Danske Invest Europe Focus A
Manager Ratio: 0.846
Ratings progression: Euro Stars A-rated (December 2010, June 2011, December 2011), Euro Stars AA-rated (June 2012, December 2012)
Bottom-up stockpicker and keen runner Henrik Husted Knudsen went from his initial A rating to AA in June of last year, and he retained his crown in our most recent December update.
His rating is based on his stewardship of the five funds listed above, all of which are in the Equity Europe sector.
Last year saw standout performance from Knudsen, with his funds gaining 32.35% between November 2011 and Novemeber 2012, compared with the sector average of 17.77%.
Over the past three years he's returned 46.3%, compared with the sector average of 18.3%.
Hugh Young, Aberdeen Asset Management/Scottish Widows
Funds:
- St James's Place Far East Acc
- Aberdeen Asia Pacific & Japan A Acc
- Aberdeen Asia Pacific A Acc
- Scot Wid HIFML FE Focus 1
- Aberdeen Global - Asia Pacific Equity I2 Acc
- Aberdeen Global - Chinese Equity I2 Acc
- Aberdeen Global - Indian Equity I2 Acc
Manager Ratio: 0.897
Ratings Progression: Euro Stars A-rated (December 2010, June 2011, December 2011) Euro Stars AA-rated (June 2012, December 2012)
Veteran manager Hugh Young's Euro Stars rating mirrors Knudsen's, with his initial A rating giving way to an AA award in June last year.
Young's array of funds feature in five separate sectors, and he's comfortably beaten the average manager in each of these sectors over both three and five years. He's our top-rated manager in three of these sectors - Equity Asia Pacific, Equity Asia Pacific Sm&Mid Cap and Equity India - over five years.
His breakthrough last year saw his funds return 19.78%, against the average manager's 15.89% return.
Richard Colwell, Threadneedle
Funds:
- Threadneedle UK Overseas Earnings C2
- Threadneedle UK Equity Income C2
- Threadneedle Investment Fund II UK Eq Inc Inst Acc
- Threadneedle UK Equity Alpha Inc Net Inst Dist GBP
- Threadneedle UK Growth & Income C2
Manager Ratio: 0.871
Ratings progression: Euro Stars A-rated (December 2010, June 2011, December 2011, June 2012), Euro Stars AA-rated (December 2012)
Equity UK Income manager and rugby fan Richard Colwell made the leap from A to AA in our latest Euro Stars update. The upgrade was based on his 19.01% return over the year from November to November, which trumped the average return of 15.84%.
Colwell ranks 12th out of the 73 eligible managers we rank over three years in the sector, and an impressive fifth out of 46 over five years. In that time his funds have returned 33.6%, over double the 15.6% average.
More about this:
Look up the funds
- Threadneedle Pan European Accelerando C2 EUR
- Threadneedle (Lux)-Pan European Equities IE
- Pioneer Funds Euroland Equity I No Dis EUR
- Danske Invest Europa Fokus
- Danske Invest Utland
- Danske Invest Engros Europe Focus
- Danske Invest Europa Fokus Akk
- Danske Invest Europe Focus A
- Aberdeen Asia Pacific & Japan A Acc
- Aberdeen Asia Pacific A Acc
- Scot Wid HIFML FE Focus 1
- Aberdeen Global - Asian Smaller Companies I2 USD
- Aberdeen Global - Asia Pacific Eqty A2 USD
- Aberdeen Global - Chinese Equity I2 USD
- Aberdeen Global - Indian Equity I2 USD
- Threadneedle UK Overseas Earnings C2
- Threadneedle UK Equity Income C2
- Threadneedle Investment Fund II UK Eq Inc Inst Acc
- Threadneedle UK Equity Alpha Inc Net Inst Dist GBP
- Threadneedle UK Growth & Income C2
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