Fidelity Investments has retained its lead in Reuters top 20 fund management group rankings, according to its latest European Smaller Company survey.
The survey, comprising votes from 383 smaller quoted companies in continental Europe, saw Fidelity's share of the vote increasing from 8.84% of the votes in 2000 to 12.67% in 2001. Fidelity's small cap team also claimed the number one position in the top 20 individual fund manager rankings.
Behind Fidelity in second place was Capital Group, polling 4.32% of the votes. Last year Capital drew 4.35% of the vote to finish fourth.
JP Morgan Fleming, Merrill Lynch Investment Managers, Egerton Capital and AXA Investment Managers all saw improvement from last year's results. JP Morgan Fleming finished third this year taking 3.99% of the vote compared to last year's showing of 2.34%. Merrill Lynch, in fourth, polled 3.96%, a 1.75% increase from the previous year. AXA in eighth saw its share of the vote increase to 2.27%, up from last year’s figure of 0.96%.
Fund managers who lost ground in this year's survey included Deutscher Investment Trust (DIT). DIT's share of the vote fell from 3.65% in 2000 to 2.75%. Julius Baer suffered a dramatic drop, polling 2.49% this year, compared to last year's 5.48%.
By Geoffrey Ho
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