Citywire - For Professional Investors

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Revealed: the top-performing fund managers of Q3

Citywire Investment Research takes a closer look at those that outperformed over the past three months and over the six months since the market collapsed.

Revealed: the top-performing fund managers of Q3

Six months on from the market bottom there has been a significant shift in the best-performing funds. In April’s rebound the outperformers were dominated by a common theme – investments in precious metals, especially gold.

The second quarter of the year saw the continuing improvement in performance for many funds with gold and technology focused funds reaping the rewards. However, the most recent quarter has seen another sector gaining traction.

The top 10 best-performing funds in Q3 is dominated by ecology and alternative energy funds [Table 1]. These funds have dominated returns as investors have flocked to ESG funds in the wake of the Covid-19 crisis.

Table 1: 10 best performing funds in Q3 2020

Name Manager Name Q3 2020 6 months Jan to Sep
LSF Active Solar A EUR Pascal Rochat; Arnaud Chambaud 64.3 135.4 92.4
Lloyd Fonds-European Quality & Growth S Christian Reindl 51.6 98.0 11.0
BNP Paribas Energy Transition C D Edward Lees; Ulrik Fugmann; 36.1 129.2 68.8
AIPM Research Opportunities Fund Not Disclosed 34.9 108.3 29.7
LSF Solar& Sustainable Energy A2 Frank Huttel; Chris Rathke 34.8 66.2 51.4
Eiger MUST A Not Disclosed 34.4 14.8 13.3
Fintech Income SICAV Not Disclosed 29.9 4.7 -65.3
Marmite Exploration & Mining Invest Not Disclosed 29.5 107.4 35.8
Aktia Nordic Micro Cap A Janne Lähdesmäki; Jan Brännback; 28.8 85.3 49.3
LUX IM Green Energy DXL Not Disclosed 28.4 70.3 41.4

Source: Morningstar/ Citywire Discovery. TR% EUR. To end September 2020.

The best performing fund in Q3 was the LSF Active Solar fund, which is managed by Pascal Rochat and Arnaud Chambaud. The duo has overseen it since it was launched in 2008. It has dominated returns over the last quarter, as well as the past six months returning 64.3% and 135.4%, respectively.

The fund invests in companies active in the solar energy sector, considering the entire photovoltaic value chain, without geographical limits. In a recent update, the managers said the solar sector is close to being under capacity and sales prices are stable, and costs of production are falling.

With these margins are rising significantly, and this has helped propel returns in solar energy. Another upside to solar energy investing is with the upcoming US presidential elections. The managers believe there will be a surge of the solar growth if Joe Biden is elected, because he wants the power generation to be 100% renewable by 2030.

The USA could install ca. 40 GW per year with Trump and 80 GW per year with Biden. In any case, the solar energy sector still has a lot of growth potential.

However, the fund is concentrated with 20 stocks and with high returns there is higher risk. But this is a viable investment option for those wanting to exposure to this growing area of the energy market.

Most of the high returns have come over the two years to the end of September, as the sector has taken off with 166% returns. This is while the S&P Global Clean Energy index rose 123% in euro terms. On a three-year basis, it rose 34.5%

Best performers since market rebound – 6 months

Name Manager Name Q3 2020 6 months Jan to Sep
AIPM Junior Mining&Exploration UCITS R Not Disclosed 26.5 146.7 59.5
LSF Active Solar A EUR Pascal Rochat; Arnaud Chambaud 64.3 135.4 92.4
BNP Paribas Energy Transition C D Edward Lees; Ulrik Fugmann; 36.1 129.2 68.8
Junior Gold I Acc Angelos Damaskos 20.6 128.0 53.1
Global Internet Leaders SICAV-FIS I Jan Beckers 21.8 127.1 165.1
GR Dynamik Not Disclosed 11.4 111.8 48.7
Isatis Investment Glbl Natrl Res Flex B Boris Cukon; Vincent Vandamme; 19.6 109.2 48.6
Earth Gold Fund UI EUR R Georges Lequime 8.0 108.5 45.4
AIPM Research Opportunities Fund Not Disclosed 34.9 108.3 29.7
Marmite Exploration & Mining Invest Not Disclosed 29.5 107.4 35.8

Source: Morningstar/ Citywire Discovery. TR% EUR. To end September 2020.

Table 2 shows the best performing funds over the past six months during the market rebound.

The table is still dominated by natural resources and those invested in gold, with the Junior Gold fund, managed by Angelos Damaskos, returning 128% over the past six months.

The Global Internet Leaders fund, which is run by Jan Beckers, continues to do well and is the best performing tech fund over the year to end September returning 165%.

Share this story

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Share this story

dot

Related Fund Managers

dot
dot
Read More
dot