Revealed: The 25 top-performing British fund managers over the last ten years (…and Neil Woodford is only number nine)
While investors' favourite Neil Woodford may have produced some spectacular returns over the past ten years, some lesser-known fund managers have outperformed him, new research suggests.
Harry Nimmo, who manages the SLI UK Smaller Companies fund, has been ranked top of TD Direct Investing's Best of British list (see below) with a return per annum of 14.15 per cent over ten years. He was followed by Daniel Nickols of Old Mutual UK Smaller Companies fund with 13.91 per cent. Michael Lindsell and Nick Train gained third place in the list managing CF Lindsell Train UK fund (12.04 per cent).
The top 25 beat the FTSE All Share by a significant margin, the study found, producing an average return per annum of 9.8 per cent over the decade against 7.1 per cent for the FTSE .
TD Direct Investing started with a list of over 400 fund managers. It then whittled down the list to 269, using a strict criteria.
And the winner is...: Harry Nimmo, who manages the SLI UK Smaller Companies fund, has been ranked top of TD Direct Investing's Best of British list
This included a ten-year track record running the same fund or managing two funds consecutively in the same style, ten-years out-performing against the fund manager's Investment Association Sector, having UK-listed shares, being accessible to a wide investor base and managing more than £100million.
Michelle McGrade, chief investment officer at TD Direct Investing, said: 'Neil Woodford is one the UK's great fund managers and this, coupled with the strength of his brand, has elevated the Woodford fund in the eyes of UK investors.
'However, the findings show there are other great managers available – a number of which are delivering better returns.'
TD Direct Investing added that the top-performing fund managers appeared to share some traits.
The final group included a high number of fund managers who invest in small companies, who focus on income growth and an ethical mindset.
POSITION | NAME | FUND | Return p.a. over 10 years |
---|---|---|---|
1 | Harry Nimmo | SLI UK Smaller Companies Ret Acc | 14.15 |
2 | Daniel Nickols | Old Mutual UK Smaller Companies Acc | 13.91 |
3 | Michael Lindsell & Nick Train | CF Lindsell Train UK Equity Acc | 12.04 |
4 | Anthony Cross & Julian Fosh | Liontrust UK Smaller Companies Inc | 11.97 |
5 | James de Uphaugh & Chris Field | Majedie UK Equity A Acc | 11.21 |
6 | Richard Newbery & Alistair Whyte | Aberforth UK Small Companies Acc | 11.06 |
7 | Andy Brough & Rosemary Banyard | Schroder UK Smaller Companies A Inc | 10.60 |
8 | Richard Buxton | Old Mutual UK Alpha R Acc | 10.49 |
9 | Neil Woodford | CF Woodford Equity Income | 10.38 |
10 | Audrey Ryan | Kames Ethical Equity A Acc | 9.34 |
11 | Georgina Brittain | JPM UK Smaller Companies A Acc | 9.94 |
12 | Nigel Thomas | AXA Framlington UK Select Opps R Acc | 9.84 |
13 | Matt Hudson | Schroder UK Alpha Income A Inc | 9.28 |
14 | Mark Costar | JOHCM UK Growth B GBP | 9.01 |
15 | Lesley Duncan | SLI UK Ethical Ret Acc | 9.00 |
16 | Alistair Munday | Investec UK Special Situations A Inc Net | 8.65 |
17 | Adrian Frost & Adrian Gosden | Artemis Income Inc | 8.45 |
18 | Jan Luthman & Stephen Bailey | Liontrust Macro Equity Income | 8.43 |
19 | Andrew Green | GAM UK Diversified Acc | 8.43 |
20 | Derek Stuart | Artemis UK Special Situations R Acc | 8.35 |
21 | Carl Stick | Rathbone Income R Inc | 8.07 |
22 | Stephen Adams | Kames UK Equity E Acc | 7.97 |
23 | Karen Robertson | SLI UK Equity High Income Ret Inc | 7.93 |
24 | Jullian Chillingworth | Rathbone Blue Chip Income And Growth | 7.90 |
25 | Tom Dobell | M&G Recovery A Acc | 7.59 |
The research also found that boutique fund firms are punching above their weight – making up a third of the list – while one in five are female fund managers – a higher proportion than the overall average.
While Woodford did not make it to top of the list, his funds prove as popular as ever among investors.
He revealed last week he will release more shares for his newest fund to try and meet demand.
Woodford Patient Capital was the biggest investment trust ever to launch, attracting £800million of cash at the outset.
Investors are so desperate to put money into the trust, its shares are trading at a premium of 11.4 per cent – that means for every £114 you invest, you only get £100 worth of shares.
Woodford has announced more shares will be issued in a bid to try and bring this premium down – up to £80million worth of shares are expected to be created.
Pipped: Neil Woodford came ninth of TD Direct Investing's Best of British list
The plans to issue more shares were revealed in the fund's half yearly report.
Woodford said: 'We would caution that it is a very short time period over which to be commenting on performance in what is clearly a very long-term strategy.
'But we are very positive about the portfolio's ability to deliver long-term returns to investors and view the future with great confidence.'
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