UK/US - Mercer Investment Consulting's fund manager recommendations for UK and US equities outperformed aggregate indices over 12 months to September 2002.
Its UK equity manager recommendations secured returns of 2.7 percentage points above the FTSE All Share Index while its UK portfolios generated returns of 1.5 percentage points over aggregate indices.
Returns on its US equity manager recommendations were 1.5 percentage points above the indices and overall the average of all its recommendations were up 1.5 percentage points.
The latest figures are gross of fees, which Mercer global head of research Bill Muysken reckons to be around 0.5%.
But the accuracy of the firm’s results have been called into question by other investment consultants who point out that the results are not independently verified.
Muysken, though, dismissed these accusations and said it was “impossible” to arrange for full external verification on a retrospective basis.
* Watson Wyatt is due to publish the investment performance of its manager recommendations for the first time next month.
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