Sparrows Capital Limited is delighted to see our SCore Market Equity Only portfolio ranked #3 out of 261 adventurous MPS portfolios by Defaqto over three years.
The portfolio produced 27.22% over the period, an outperformance of 17.03% versus the peer average.
Nine out of the top ten portfolios in the Defaqto universe are passively managed. Active offerings produced an alarming dispersion of results, with home bias a recurring driver of underperformance. Some 10% of propositions actually contrived to produce losses over the three years.
It is also noteworthy that the average costs of the top ten performers is 65% below the average of the peer group.
There's more good news for SCore investors, as we reduced the portfolio costs last month, and total costs now stand at just 0.21% (DFM fee 0.10%, Portfolio OCF 0.09% and transaction costs 0.02%) - and that's before taking account of our £20/month cap on the DFM fee.
While past performance is not a reliable guide to future returns, it is reasonable to expect market tracking MPS solutions to continue to deliver the broad market return (less a small element of cost) over time.
President of Coastal Seniors Golf Association
3moHad a 45 year career with this great company