| Fund | Launch date | Sector |
| S&W The Tenax | 22/11/2007 | Absolute Return |
| Schroder Asian Alpha Plus | 30/11/2007 | Asia Pacific Excluding Japan |
| UBS Global Allocation UK | 23/11/2007 | Balanced Managed |
| PSigma European Income | 12/11/2007 | Europe Excluding UK |
| Rothschild RPFM Global Opportunities | 02/11/2007 | Global Growth |
| Thesis Bryth | 06/11/2007 | Global Growth |
| Martin Currie North American Alpha | 19/11/2007 | North America |
| GLG US Relative Value | 28/11/2007 | North America |
| HSBC Open Global Property | 26/11/2007 | Property |
| CF KB Gresham Defined US Accelerator Index USD | 09/11/2007 | Specialist |
| CF PE Managed | 14/11/2007 | Specialist |
| SF t1ps Smaller Companies Growth | 19/11/2007 | UK Smaller Companies |
This anniversary is a landmark for funds, as most IFAs and intermediaries putting together lists of top performers will not look at an investment vehicle with less than a three year performance record.
The funds from the Global Growth and North America sectors gave a mixed performance, data from Financial Express shows.
The Martin Currie North American Alpha and GLG US Relative Return were launched from the IMA North America sector in November 2007. The GLG fund has returned slightly more than the sector’s 9.69 per cent in the three years since its launch, but the Martin Currie fund has underperformed, returning just 6 per cent to investors in the period.
There were also two from the Global Growth sector; Rothschild RPFM Global Opportunities and Thesis Bryth. The Rothschild fund has been one of the best performers in the UT Global Growth sector since its launch, returning 23 per cent compared to the sector average of 1.8 per cent. Thesis Bryth has lost investors 8.8 per cent, meanwhile. It is the more unusual sectors, Property, UK Smaller Companies and Asia Pacific ex-Japan, for example, which have produced some big winners.
The HSBC Open Global Property fund has performed well for its investors since its launch on 26 November. Despite its small size – the fund has £22.9m under management as of 30 September – it gives some of the best returns in its sector. Since launch it has been outperformed only by SWIP MultiManager Global Real Estate Securities and First State Global Property Securities. Further, while the sector average lost investors 13 per cent, the HSBC fund returned nine per cent.
HSBC Open Global Property vs IMA Property sector and top performing funds over 3-yr
Source: Financial Express Analytics
Another anniversary fund which investors should take note of is SF t1ps Smaller Companies Growth, which in percentage terms has returned more than five times that of the IMA UK Smaller Companies sector. Microcap investing has been very much in vogue this year, largely because of the big returns some funds can offer, but that was not the case at the fund’s launch three years ago. As the table shows, it was the only fund to launch in the UK Smaller Companies sector in November 2007.
SF t1ps Smaller Companies vs sector and other top performing smaller companies funds
Source: Financial Express Analytics
Schroder Asian Alpha Plus has outperformed its IMA Asia Pacific Excluding Japan sector, but has not returned quite as much as its sister fund, the Schroder Asian Income fund. The former has returned 42.4 per cent to investors since its launch, compared to 23 per cent from the sector average, while the latter returned 45 per cent in the period.