Gary McDaniel has shot straight into the Citywire ratings with an AA ranking, thanks to his strong performance on the Guggenheim Risk Managed Real Estate fund. McDaniel this month notched up three years as a manager of the $107 million fund, during which time he has returned 41.1%, well ahead of the 30.2% from the average manager in the Property and Real Estate sector, and the 31.5% from the FTSE Nareit Equity Reits benchmark index. That performances places the fund fourth of 66 funds in the sector, and McDaniel third of 85 managers.
Sector manager ratio: 0.47
For three years he ranked 7/85
Kristian Heugh has a Citywire AAA rating for his stellar performance in the International Multi-Cap sector. Over three years, his Morgan Stanley Institutional Advantage and Opportunity Portfolios have delivered more than 10 times the return of the average manager in the sector, up 31.8% and 31.1% respectively.
Over the same period, the average manager has delivered 3%, while the benchmark is up just 2.6%. The best performing exchange-traded fund tracking the sector, the iShares MSCI ACWI ex-US, has delivered 1.4%. Heugh’s biggest weighting in his $ 1.1 billion Advantage fund is to consumer defensives, at 27.5% of the portfolio.
Sector manager ratio: 0.81
For three years he ranked 1/105
Master limited partnership (MLP) funds have been through a bad spell, but the recovery in the oil price coupled with hopes of deregulation under president Donald Trump have provided a revival.
Over the year to the end of March, the MainGate MLP Mutual fund, run by Geoffrey P. Mavar, Matthew G. Mead and David N. Fleischer, has rallied 34.7%, clawing back some of 2015's losses sparked by the oil price collapse.
Over three years the fund is down 7.2%, but that is still ahead of an average loss of 16.5% in the Energy MLP sector, a performance earning the management trio Citywire A ratings.
Sector manager ratio: 0.34
For three years they ranked 6/28