[ad_1]
While the U.S. stock market continues to hit new all-time highs, owning a U.S. stock fund over the past three years has proven to be a difficult journey for investors.
During the 2022 bear market, some top-performing active equity funds experienced drawdowns of as much as 50%, compared to about 25% for the S&P 500 Index.
While some of the best-performing funds have rebounded sharply over the past year or so as stock markets have risen, many have yet to regain their previous highs.
However, data compiled by FE Fundinfo shows that some active U.S. strategies* have delivered some of the best returns over the past three years, while exhibiting high upside and relatively limited downside capture. .
An upside capture score greater than 100% relative to a fund’s benchmark means the strategy has performed well when the market is up, while a downside capture score less than 100%. It means that the strategy did not fall more than the market when the market was falling.
Under, Financial Services Agency Here are five actively managed US strategies that have delivered top-ranked returns and high upside compared to downside gains over the past three years.
Artisan US Value Equity
This strategy had a top quartile performance of 46.45% over three years, with upside gains of 131% and downside gains of 103%.
This value fund focuses on low-value stocks with strong financial health and good free cash flow and return on capital. The top three are Meta, Alphabet, and US Bancorp.
smeed us value
The strategy also achieved a top quartile return of 41.93% over three years, with an upside capture rate of 123% and a downside capture rate of 102%.
Apart from this fund, another value strategy aims to buy blue-chip stocks at attractive valuations with a low-turnover approach. The top three positions are Lennar Corp, DR Horton, and Occidental Petroleum Corp.
Ossiam Syrah Barclays Cape US Sector Value
The fund’s three-year return was 38.33%, with upside capture rate of 120% and downside capture rate of 100%.
The value fund aims to mimic the performance of the Shiller-Barclays CAPE U.S. Sector Value Index, which is comprised of value stocks based on the CAPE (cyclically adjusted price-to-earnings) ratio popularized by Yale University professor Robert Shiller. There is. Its top holdings are Meta, Amazon, and Alphabet.
Allianz Choice Vest Style US
The fund’s three-year return was 37.51%, with upside capture of 118% and downside capture of 100%.
This core U.S. equity strategy focuses on certain large-cap U.S.-listed stocks that have held up relatively well during the 2022 bear market. Its largest positions are invested in Microsoft, Apple, and Amazon.
Comgest Growth America
The fund’s three-year return was 42.28%, with upside capture of 113% and downside capture of 107%.
The only quality growth strategy on the list, the fund leans heavily toward large-cap growth stocks like Microsoft, Eli Lilly, and Oracle, which have outperformed broader benchmarks in the 2022 bear market. He had strong resilience.
*Best performing funds are measured in USD terms. The upside and downside ratio figures are based on his FE Fundinfo data for the three years ending February 29, 2024. This data only includes fund vehicles that fall under the Hong Kong SFC Qualified Mutual Equity or Singapore Mutual Equity International sectors of the FE analysis. platform. Performance rankings are based on the fund’s Singapore or Hong Kong sector group.
[ad_2]
Source link
