by Jörg Billina, €uro on Sunday
The outperformance ratio, which measures the proportion of funds in an asset class that outperform the benchmark, fell 17 percentage points year-on-year to 29.1 percent. However, the development is not the same in all asset classes. In the Pacific Asia ex Japan equity segment, 62.5 percent of the funds outperformed the benchmark.
A “brilliant turnaround” notes Scope in the German Stocks segment. While only 27.3 percent of funds outperformed the index in the first six months of last year, the outperformance ratio climbed to 54.9 percent by the end of the year. The outperformance ratio also rose in the Euroland equities and emerging markets equities segments – to 49.5 and 48.4 percent, respectively.
In contrast, the outperformance indicator fell in Japan Equities, Europe Equities and North America Equities. There was also a sharp decline in world equities. Only 13.1 percent of the funds beat the index. In 2020 it was still 44.8 percent.
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