Investments  

New fund houses appear in Large Investment Group

This article is part of
Investment Adviser 100 Club 2015 - September 2015

There are three new entrants this year in the Large Investment Group category in the Investment Adviser 100 Club.

Franklin Templeton, Axa Investment Managers and Fidelity Worldwide Investment have made it into this group for the first time since the club’s launch.

This is also the third consecutive year that JPMorgan Asset Management (JPMAM) has been a member of the Large Investment Group, which is defined as those with at least £100bn in global assets, including the assets of its parent group.

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JPMAM also takes the accolade for the most members with seven funds.

Baillie Gifford has been in the 100 Club every year since the elite list of outperforming funds was established in 2012. It started as a member of the Small to Mid Investment Group, eventually moving up to the larger category in last year’s club following a change in the rules.

This has also been a good year for Fidelity, which has not only made the Large Investment Group but is a member of the Passive Investment Groups for the first time, replacing ETF Securities. Fidelity has an impressive four member funds in the 2015 list, up from just one member last year.

Standard Life Investments has dropped out of the Large Investment Group category, having been a member in 2013 and 2014, in spite of the return of its Global Absolute Return Strategies (Gars) fund in the Absolute Return category.

The Passive Investment Groups category has remained fairly consistent, with providers iShares and Vanguard being members every year the 100 Club has been running. This is also the third year in a row that BlackRock and Legal & General have been members.

It is a similar story in the Small to Mid Investment Group category, which has only one new member – Jupiter Asset Management.

Argonaut Capital, Henderson Global Investors, Old Mutual Global Investors and Royal London Asset Management have all returned following their inclusion in this sector in 2014.

Asset manager Jupiter has secured its place as a group member, with three funds in total this year, up from two last year.

Elsewhere, Royal London Asset Management took the crown at last year’s Investment Adviser 100 Club Awards, but only has two funds in this year’s list, compared with three member funds in 2014. Can the asset management firm retain its title?

Meanwhile, Henderson’s inclusion in the Small to Mid Investment Group is marred by the fact the number of its member funds in the 100 Club has halved.

In 2014, Henderson boasted six members, but this has been whittled down to three this year, including its Horizon Pan European Property Equities and Global Growth funds.

Ellie Duncan is deputy features editor at Investment Adviser