MSCI World is the benchmark par excellence for comparing the performance of international equity investment funds. Even if not everyone uses it as a reference and the strategies of each management team cannot be compared to the performance of this index, it allows you to obtain a first impression of the evolution of the profitability of a investment vehicle, particularly in the long term. . After all, active management should be able to deliver better results.
Based on this premise, we can affirm that the majority of funds which make up the World League of elEconomista.es, composed of the 353 most active funds on the global and European stock market (of which a little less than half are Spanish) is far behind, since only 14% of these investment vehicles manage to exceed the 17% obtained by the MSCI World during the year. , with Morningstar data from October 25.
Among the funds that significantly exceed this performance, or even double it, are those that have a significant portion of their portfolio in large technology companies. This is the case of Bulnes Global, which with a profitability of 29.36%, is leader of the ranking, a position that it has managed to maintain throughout this year, surpassing other products of international management companies such as Invesco Global Founders & Owners, Sycamore. Fund Global Happy Work and GS Global Millennials Equity Portfolio, which occupy the second and third positions in the League, respectively, with 28.33%, 27.57% and 26.61%, respectively.
With two months to go before the end of the year, it’s safe to say that many funds will struggle to beat the main global index, given the fact that stock markets are at an all-time high.
If we take the MSCI Europe as a reference, taking into account that many Global League funds are European equity funds, we see that the same pattern is reproduced, since this index increases by 17.34% over the year, while funds like Magallanes European stocks remain stable at 0.02%, while Bestinver Internacional gains almost 12%.
Worst route ever small capitals This year, on the stock market, it also harms funds like MyInvestor Value, Santander Small Caps Europa, True Value, Valentum, Muza or GVC Gaesco Small Caps, which are at the bottom of the ranking. World League.
