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9 fund managers racing up Citywire's ratings
We look at nine fund managers on the up in this month's Citywire ratings.
9 new rated fund managers
Citywire Fund Manager Ratings are a useful tool for investors looking to find the best managers and funds for their savings.
Here we highlight nine fund managers who have just gained their first three-year performance rating from us.
This month only 15% (or 269) of the 1,791 managers on our database qualify for a rating, with 44 earning our top AAA rating, 61 an AA rating and 164 an A rating.
Our research team use these exclusive manager ratings as one of their starting points for their 140 fund recommendations in Citywire Selection.
Citywire Selection inevitably focuses on established fund managers. What is exciting about the monthly ratings is that they can capture up-and-coming investment talent early.
For an explanation of how the ratings work and a full list of the fund managers, take a look at our Citywire Fund Manager Ratings page.
The highest entrant this into this month's Citywire ratings is bond manager Mihir Worah, who secured a AAA rating. He is the lead manager on the Pimco GIS Global Real Return fund, which posted a return of 43.05% against 33.66% from the Barclays Capital World Govt Inflation Link GBPH index over a three-year period.
Martin Currie duo John-Paul Temperley and Keith Donaldson have finally reached the upper tier of our ratings this month securing the AAA rating. The pair manage the Martin Currie Japan Alpha fund, which has generated an impressive 50.48% over the last three years against the 26.73% return from Japan's Topix index.
The Japanese market has been buoyant over recent months with the Topix rising by 6.2% for the year to date. Temperley and Donaldson’s overweight position in financial sectors and stock picks like Sumitomo Mitsui bank and Toyota Motor have helped the fund return 7.2% over the same time period.
Franklin Templeton’s Michael Hasenstab has put in a stellar performance on the Templeton Global Total Return Bond fund. He has already returned 6% to his investors since the turn of the year. As a result he has gone up one notch in the ratings to an AAA rating this month. Hasenstab also manages the Templeton Global Total Return Bond fund and the Templeton Global Total Return A (Mdis) GBP which also contributes to his rating.
Although well known as a member of, M&G’s 'bond vigilantes' team, manager Jim Leaviss has entered the Citywire ratings for the first time with an A rating.
Leaviss has managed the M&G Gilt & Fixed Interest Income fund since April 1998 and his investment strategy is driven primarily by macroeconomic factors such as views on inflation, interest rates and economic growth. He tends not to be influenced by short-term changes in the economic or market environment. Leaviss also manages the M&G Global Macro Bond fund which he has managed since October 1999.
David Millward makes his Citywire ratings debut with a top AAA rating. Milward manages the Henderson Secured Loans fund which invests in secured loans from corporate borrowers. Secured loans have an advantage over conventional corporate bonds as they are backed by specific assets and their holders get paid out first in the event of a company going bust.
Millward started managing the fund in April 2009 and over the past 35 months he has posted returns of 67.6% for investors outperforming the Barclays Capital Global Aggregate Bond index which gained 12.4% over the period.
Making his debut in the ratings is Standish Mellon Asset Management's David Leduc who has achieved our AAA rating with his risk-adjusted performance on the BNY Mellon Global Strategic Bond fund. At the end of February the fund has 28% of its portfolio invested in corporate bonds and also has an 11% holding in emerging market debt.
Andrew Cole, manager of the Baring Multi Asset fund has entered with an AA rating. The fund has returned 7.3% over the past year helped by Cole's decision to significantly increase the equity (shares) weighting of the fund’s portfolio, taking the holdings up to 40% from around 25% in January. The strategy has proved to be a winner as Andrew caught the equity rally at the right time.
Alan Dobbie has entered our ratings this month with an A rating. This rating comes off his performance on the Rathbone Blue Chip Income & Growth fund which has returned 75.04%, outperforming the FTSE All-Share index which returned 65.97%. The fund’s largest holdings are Unilever and United Utilities.
David Smith of Hargreaves Lansdown has received his first ever Citywire rating this month. David was once the head of investments at Citywire before moving to Hargreaves Lansdown. He is currently the lead manager on the HL Multi-Manager Equity & Bond & the HL Multi-Manager Strategic Bond Trust mandates. Both funds have performed well over the last three years posting returns of 48.93% and 45.85% respectively. These are against returns of 40.70% and 43.78% on the LCI UK Balanced (50:50) & Markit iBoxx Sterling Corporates indices.
More about this:
Look up the funds
- Rathbone Blue Chip Income & Growth Inc
- Baring Multi Asset A Inc
- BNY Mellon Global Strategic Bond GBP Inc
- Templeton Global Total Return Bond A Inc
- M&G Global Macro Bond X Inc
- Henderson Secured Loans Y Inc Gross
- HL Multi-Manager Equity & Bond Trust Acc
- HL Multi-Manager Strategic Bond Trust Acc
- Martin Currie Japan Alpha A
- PIMCO GIS Global Real Return Inst GBP Hdgd Acc
Look up the fund managers
- Mihir Worah
- John-Paul Temperley
- Keith Donaldson
- David Smith
- David Milward
- Jim Leaviss
- Michael Hasenstab
- David Leduc
- Andrew Cole
- Rupert Matthews
- Alan Dobbie