Over the past year, money managers could easily reap returns if they were sufficiently global.
(Photo: Lennart Gäbel)
Frankfurt Rich double-digit returns were in the past good stock market year in asset management funds. But now – in times of high fluctuations and great uncertainty – it is only becoming apparent which fund manager has mastered his craft and delivered a decent performance despite the turbulence.
Some providers manage to do this in the long term, according to a study by the consultant Fonds Consult, which is available to the Handelsblatt. But the products are expensive and don’t always live up to expectations.
The so-called asset management funds spread their customers’ capital across several asset classes. “The new, already turbulent stock market year could become a test for these strategies,” says Michael Wimmer, analyst at Fonds Consult. Recently, fund managers could have achieved very good results with a global equity strategy and a diversified bond portfolio, he explains.
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