MPI Research Corner

Emerging Markets Global Bond funds’ performances range from -11.25% to 15% over the last 52 weeks (ending July 1, 2011), in EUR terms. On average, the best 5% of the funds outperform the market (pegged to the JP Morgan EMBI Global Diversified Index) by approximately 15.08% and the worst 5% underperform by approximately 6.26%. The [...]

Eurozone Bond [1] funds’ performance ranges from -8.11% to 3.23% over the last 52 weeks (ending April 29, 2011), in EUR terms. On average, the best 5% of the funds outperform the market (pegged to the Markit iBoxx Euro Sovereigns Eurozone Index) by approximately 2.8% and the worst 5% underperform by approximately 2.9%. During this [...]

Given the large number of North American Equity funds registered for sale in Europe, the analysis is divided into USD denominated funds and all other remaining funds. This month we examine USD funds and attempt to rank the managers’ performance based solely on their skills, thereby stripping away any beneficial or hurtful effect of currency [...]

European Equity funds’ performance varies significantly across the category, with the best 5% of the funds in the universe outperforming the market (pegged to MSCI Europe) by approximately 15% over the trailing 12 months, and the worst 5% underperforming by approximately the same amount over the same time period. When one focuses on each success [...]

Michael Markov and Kushal Kshirsagar In our previous post below (referenced in a story from Jeff Sommer of The New York Times) we performed an analysis of the Laudus Rosenberg US Large Cap mutual fund (sub-advised by AXA Rosenberg) that indicated a significant change in the fund’s risk profile occurred as early as 2008. Our [...]