The IA Global sector is the second largest peer group in the Investment Association universe but, on average, it seems to have a difficult time beating the market. 
Over the five years to the end of 2015, the average IA Global fund made around 10 percentage points less than the MSCI AC World index and gave investors a more volatile ride. It also tended to underperform in rising markets while losing more in falling ones.
However, as part of our ongoing series on highlighting funds that have consistent outperformed over recent years while looking good on a range of other metrics, we have turned our attention to this sector to see which stand out.
To recap, we’ve looked at the decile rankings for the cumulative five-year returns up to the end of 2015 as well as the annual returns of 2015, 2014 and 2013, annualised volatility, maximum drawdown, downside capture, alpha generation, Sharpe ratio and upside capture.
We then added up the 10 decile rankings for each fund in the sector to give a simple score, where a 10 shows a fund has been first decile in each metric and a 100 would indicate 10th decile performance in each.
While a number of specialist healthcare and consumer goods funds have scored very highly, we’ve chosen to focus on the more generalist members of the sector in following gallery – although the full list of the top 20 funds are revealed in the final slide.
